Budget & Taxes (Property Tax)

in committee · South Carolina · House Feb 19, 2025

H 4060: Property tax exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-37-220, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT FORTY-TWO AND THREE QUARTERS PERCENT OF THE NET DEPRECIATED VALUE OF BUSINESS PERSONAL PROPERTY.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts 42.75% of business property tax, reducing tax burden for businesses, aligning with tax relief under Budget & Taxes.95% confidence

Sub-Topics Business Taxes Property Tax Tax Incentives

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in committee · South Carolina · House Jan 14, 2025

H 3496: Property Tax

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 4-1-190 SO AS TO REQUIRE A COUNTY TO CONSULT WITH OTHER AFFECTED TAXING ENTITIES BEFORE ENTERING INTO A FEE IN LIEU OF PROPERTY TAXES AGREEMENT, TO REQUIRE THE COUNTY TO ISSUE AN ANNUAL REPORT DETAILING DISTRIBUTIONS, AND TO REQUIRE THE STATE TREASURER TO WITHHOLD CERTAIN FUNDS FROM THE COUNTY IF THE PROPERTY DISTRIBUTIONS ARE NOT DISBURSED.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires county transparency and accountability in property tax distributions, promoting fiscal responsibility through mandatory reporting and fund withholding.90% confidence

Sub-Topics Property Tax

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in committee · South Carolina · House Jan 14, 2025

H 3380: Homestead exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-37-250, RELATING TO THE HOMESTEAD PROPERTY TAX EXEMPTION ALLOWED FOR PERSONS WHO ARE OVER THE AGE OF SIXTY-FIVE YEARS, DISABLED, OR LEGALLY BLIND, SO AS TO SET THE EXEMPTION AMOUNT AS THE GREATER OF THE FIRST FIFTY THOUSAND DOLLARS OR THE FIRST THIRTY-THREE PERCENT OF THE FAIR MARKET VALUE OF THE HOMESTEAD; AND BY REPEALING SECTION 12-37-245 RELATING TO AN OBSOLETE REFERENCE TO THE HOMESTEAD EXEMPTION.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases property tax exemption for seniors/disabled by raising the exemption amount, providing direct tax relief to vulnerable residents.95% confidence

Sub-Topics Property Tax Tax Incentives

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signed · South Carolina · House May 26, 2026

H 3841: Property tax

AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-43-220, RELATING TO ASSESSMENT RATIOS, SO AS TO PROVIDE THAT UNDER CERTAIN CIRCUMSTANCES, PROPERTY RECEIVING THE FOUR PERCENT ASSESSMENT RATIO SHALL CONTINUE AT FOUR PERCENT WHEN THE OWNER DIES; AND BY ADDING SECTION 12-37-460 SO AS TO PROVIDE THAT UNDER CERTAIN CIRCUMSTANCES PROPERTY TAX EXEMPTIONS SHALL CONTINUE TO APPLY WHEN THE OWNER DIES. - RATIFIED TITLE

Topics ✓ Budget & TaxesSupports Budget & TaxesBill continues property tax exemptions and 4% assessment ratio upon owner's death, providing tax relief for heirs and maintaining lower property tax burden.90% confidence

Sub-Topics Property Tax

in committee · South Carolina · House Jan 14, 2025

H 3332: Statewide millage

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-37-130 SO AS TO PROVIDE THAT THE GENERAL ASSEMBLY ANNUALLY BY JOINT RESOLUTION SHALL IMPOSE A STATEWIDE MILLAGE ON ALL REAL AND PERSONAL PROPERTY SUBJECT TO PROPERTY TAX IN THIS STATE FOR THE PURPOSE OF RAISING REVENUE FOR PUBLIC SCHOOL OPERATIONS AND IN THE JOINT RESOLUTION IMPOSING THE TAX SHALL PROVIDE THE PLAN OF DISTRIBUTING THE REVENUE FOR THE APPLICABLE FISCAL YEAR TO THE SCHOOL DISTRICTS OF THE STATE; AND BY AMENDING SECTION 12-37-220, RELATING TO PROPERTY TAX EXEMPTIONS SO AS TO EXEMPT ONE HUNDRED PERCENT OF THE FAIR MARKET VALUE OF ALL REAL AND PERSONAL PROPERTY SUBJECT TO PROPERTY TAX IN THIS STATE FROM PROPERTY TAX MILLAGE IMPOSED BY A SCHOOL DISTRICT FOR SCHOOL OPERATIONS.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes statewide property tax millage to fund public schools, directly increasing state revenue allocation for education through taxation.95% confidence ✓ EducationSupports EducationBill imposes property tax to raise revenue specifically for public school operations, directly increasing education funding.95% confidence

Sub-Topics Property Tax

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in committee · South Carolina · House Feb 12, 2026

H 3511: Homestead Exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-37-250, RELATING TO THE HOMESTEAD PROPERTY TAX EXEMPTION ALLOWED FOR PERSONS WHO ARE OVER THE AGE OF SIXTY-FIVE YEARS, DISABLED, OR LEGALLY BLIND, SO AS TO INCREASE THE EXEMPTION AMOUNT FROM THE FIRST FIFTY THOUSAND DOLLARS TO THE FIRST ONE HUNDRED THOUSAND DOLLARS OF THE FAIR MARKET VALUE OF THE HOMESTEAD; AND BY REPEALING SECTION 12-37-245 RELATING TO AN OBSOLETE REFERENCE TO THE HOMESTEAD EXEMPTION.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases homestead tax exemption from $50k to $100k, providing property tax relief for seniors/disabled, aligning with tax relief for lower-income groups.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · South Carolina · House Jan 14, 2025

H 3427: Homestead exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-37-250, RELATING TO THE HOMESTEAD PROPERTY TAX EXEMPTION ALLOWED FOR PERSONS WHO ARE OVER THE AGE OF SIXTY-FIVE YEARS, DISABLED, OR LEGALLY BLIND, SO AS TO INCREASE THE EXEMPTION AMOUNT FROM THE FIRST FIFTY THOUSAND DOLLARS TO THE FIRST ONE HUNDRED THOUSAND DOLLARS OF THE FAIR MARKET VALUE OF THE HOMESTEAD; AND BY REPEALING SECTION 12-37-245 RELATING TO AN OBSOLETE REFERENCE TO THE HOMESTEAD EXEMPTION.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases homestead exemption from $50k to $100k, providing property tax relief for seniors/disabled - direct tax reduction for vulnerable groups.95% confidence ✓ HousingSupports HousingIncreases homestead tax exemption for seniors/disabled, reducing housing costs and supporting affordability for eligible homeowners.90% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes

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in committee · South Carolina · House Jan 14, 2025

H 3424: Property tax relief for seniors

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "SOUTH CAROLINA PROPERTY TAX RELIEF FOR SENIORS ACT"; BY AMENDING SECTION 12-37-250, RELATING TO HOMESTEAD PROPERTY TAX EXEMPTION ALLOWED FOR PERSONS WHO ARE OVER THE AGE OF SIXTY-FIVE YEARS, DISABLED, OR LEGALLY BLIND, SO AS TO INCREASE THE EXEMPTION AMOUNT FROM THE FIRST FIFTY THOUSAND DOLLARS TO THE FIRST ONE MILLION DOLLARS OF THE FAIR MARKET VALUE OF THE HOMESTEAD; AND BY ADDING ARTICLE 12 TO CHAPTER 36, TITLE 12 SO AS TO PROVIDE FOR AN ADDITIONAL SALES, USE, AND CASUAL EXCISE TAX.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases property tax exemption for seniors from $50k to $1M, providing direct tax relief to lower-income seniors and reducing state tax revenue, aligning with tax relief indicators.95% confidence

Sub-Topics Property Tax Sales Tax Tax Incentives

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in committee · South Carolina · House Feb 11, 2025

H 3951: Tenant Protection Act of 2025

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS SO AS TO ENACT THE "TENANT PROTECTION ACT OF 2025" BY ADDING SECTION 12-37-3137 SO AS TO PROVIDE A PROPERTY TAX EXEMPTION LIMITING THE INCREASE IN PROPERTY TAX VALUE FOLLOWING AN ASSESSABLE TRANSFER OF INTEREST WHEN THE PROPERTY WILL BE SUBJECT TO A CERTAIN SIX PERCENT ASSESSMENT RATIO.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates property tax exemption limiting post-transfer tax increases, providing direct tax relief for property owners subject to assessment ratio changes.95% confidence ✓ HousingSupports HousingBill titled 'Tenant Protection Act' limits property tax increases after transfers, preventing rent hikes and protecting tenants per title and mechanism. Aligns with tenant protection indicators.90% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes Tenant Rights

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in committee · South Carolina · House Mar 5, 2025

H 4138: Property tax exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-37-220, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO PROVIDE THAT LEGAL GUARDIANS OF MINOR OR DEPENDENT CHILDREN ARE ENTITLED TO A PROPERTY TAX EXEMPTION ON ONE PERSONAL MOTOR VEHICLE.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for guardians of minors, offering tax relief to lower-income families managing vehicle costs.95% confidence

Sub-Topics Property Tax Tax Incentives

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