Bill 982

                    Current Status

Bill Number:               982
Ratification Number:       589
Act Number                 521
Introducing Body:          Senate
Subject:                   Relating to property tax exemptions

(A521, R589, S982)

AN ACT TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, 1976, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT REAL PROPERTY OF CHURCHES EXTENDING BEYOND THE BUILDINGS AND PREMISES ACTUALLY OCCUPIED BY THE CHURCHES IF NO OPERATION ON THE REAL PROPERTY BENEFITS ANY PRIVATE STOCKHOLDER OR INDIVIDUAL AND IF NO INCOME PRODUCING VENTURES ARE LOCATED ON THE PROPERTY.

Be it enacted by the General Assembly of the State of South Carolina:

Exemption

SECTION 1. Section 12-37-220B of the 1976 Code, as amended by Act 129 of 1987, is further amended by adding an appropriately numbered item to read:

"( ) All real property of churches which extends beyond the buildings and premises actually occupied by the churches which own the real property if no profit or benefit from any operation on the churches' real property inures to the benefit of any private stockholder or individual and no income producing ventures are located on the churches' real property.

This exemption does not change any exemption provided for churches or other entities in item (3) of subsection A of this section and item (c), Section 3 of Article X of the Constitution of this State but is an additional exemption for churches as provided in this item."

Retroactive effect

SECTION 2. The unnumbered item of Section 12-37-220B of the 1976 Code added by this act is effective for taxable years beginning after 1986.

Time effective

SECTION 3. This act takes effect upon approval by the Governor.