Current Status Bill Number:
1072Ratification Number: 308Act Number: 282Type of Legislation: General Bill GBIntroducing Body: SenateIntroduced Date: 19960130Primary Sponsor: MatthewsAll Sponsors: Matthews, Washington, Ford and GloverDrafted Document Number: pfm\7869htc.96Date Bill Passed both Bodies: 19960404Governor's Action: U Became law without signature of GovernorDate of Governor's Action: 19960507Subject: Property tax exempt, nonprofit housing corporations
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ ------ 19960515 Act No. A282 ------ 19960507 Unsigned, became law without signature of Governor ------ 19960430 Ratified R308 House 19960404 Read third time, enrolled for ratification House 19960403 Unanimous consent for third reading on the next Legislative day House 19960403 Read second time House 19960328 Committee report: Favorable 30 HWM House 19960313 Introduced, read first time, 30 HWM referred to Committee Senate 19960312 Read third time, sent to House Senate 19960307 Read second time Senate 19960306 Committee report: Favorable 06 SF Senate 19960130 Introduced, read first time, 06 SF referred to CommitteeView additional legislative information at the LPITS web site.
(A282, R308, S1072)
AN ACT TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXTEND THE EXEMPTION FOR CERTAIN NONPROFIT HOUSING CORPORATIONS TO PROPERTY OF SUCH CORPORATIONS DEVOTED EXCLUSIVELY TO PROVIDING RENTAL OR COOPERATIVE HOUSING AND RELATED FACILITIES FOR ELDERLY OR HANDICAPPED PERSONS OR FAMILIES OF LOW OR MODERATE INCOME IN ACCORDANCE WITH FEDERAL HOUSING LAW.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-37-220(B)(11) of the 1976 Code, as last amended by Act 361 of 1992, is further amended by adding an appropriately lettered subitem at the end to read:
"( ) all property of nonprofit housing corporations devoted exclusively to providing rental or cooperative housing and related facilities for elderly or handicapped persons or families of low or moderate income as authorized by Section 515 of Title V of the Housing Act of 1949."
SECTION 2. Upon approval by the Governor, this act is effective for taxable years beginning after 1995.
Became law without the signature of the Governor -- 5/7/96.