S 125

  • South Carolina Senate Bill
  • 2025-2026 Regular Session
  • Introduced in Senate Mar 05, 2025
  • Passed Senate Feb 27, 2025
  • House
  • Governor

Property tax exemption

Abstract

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 THE EXEMPTION FOR CERTAIN PROPERTY OF A NONPROFIT HOUSING CORPORATION ONLY APPLIES TO THE PERCENTAGE OF PROPERTY THAT EQUALS THE CORPORATION'S OWNERSHIP INTEREST IN THE PROPERTY, TO PROVIDE AN EXCEPTION, AND TO PROVIDE CERTAIN CERTIFICATION AND NOTICE REQUIREMENTS.

Bill Sponsors (4)

Votes


Actions


Mar 05, 2025

House

Referred to Committee on Ways and Means

House

Introduced and read first time

Feb 27, 2025

Senate

Read third time and sent to House

Feb 26, 2025

Senate

Committee Amendment Adopted

Senate

Read second time

Senate

Roll call Ayes-44 Nays-0

Feb 19, 2025

Senate

Committee report: Favorable with amendment Finance

Jan 14, 2025

Senate

Introduced and read first time

Senate

Referred to Committee on Finance

Dec 11, 2024

Senate

Referred to Committee on Finance

Senate

Prefiled

Bill Text

Bill Text Versions Format
12/11/2024 HTML
02/19/2025 HTML
02/26/2025 HTML
Filed VND.OPENXMLFORMATS-OFFICEDOCUMENT.WORDPROCESSINGML.DOCUMENT HTML

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Sources

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