South Carolina General Assembly
112th Session, 1997-1998

Bill 1081


Indicates Matter Stricken
Indicates New Matter


                    Current Status

Bill Number:                       1081
Type of Legislation:               General Bill GB
Introducing Body:                  Senate
Introduced Date:                   19980303
Primary Sponsor:                   Wilson
All Sponsors:                      Wilson, Thomas, Giese, Courson,
                                   Grooms, Ryberg, Branton and Mescher
                                   
Drafted Document Number:           jic\5284sd.98
Companion Bill Number:             4717
Residing Body:                     Senate
Current Committee:                 Finance Committee 06 SF
Subject:                           Property tax exemptions,
                                   personal property owned by aging
                                   person for at least five years;
                                   Taxation, Aging



History


Body    Date      Action Description                       Com     Leg Involved
______  ________  _______________________________________  _______ ____________

Senate  19980303  Introduced, read first time,             06 SF
                  referred to Committee


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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT A BOAT, BOAT MOTOR, OR PRIVATE PASSENGER MOTOR VEHICLE OWNED BY AN INDIVIDUAL SIXTY-FIVE YEARS OF AGE OR OLDER WHO HAS PAID PROPERTY TAXES ON SUCH AN ITEM OF PERSONAL PROPERTY FOR AT LEAST THE FIVE PRECEDING PROPERTY TAX YEARS AND TO EXEMPT THE OWNER-OCCUPIED PROPERTY OWNED BY AN INDIVIDUAL SIXTY-FIVE YEARS OF AGE OR OLDER WHO HAS PAID PROPERTY TAXES ON AN OWNER-OCCUPIED RESIDENCE FOR AT LEAST THE FIVE PRECEDING PROPERTY TAX YEARS.

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

SECTION 1. Section 12-37-220(B) of the 1976 Code is amended by adding an appropriately numbered item at the end to read:

"( )(a) A boat, boat motor, or private passenger motor vehicle as defined in Section 56-3-630 owned by an individual sixty-five years of age or older for personal use who has owned and paid property taxes on such an item of property for at least the five preceding tax years.

(b) The owner-occupied residence of an individual sixty-five years of age or older who has owned and paid property taxes on a personal residence for at least the five preceding property tax years."

SECTION 2. Upon approval by the Governor, this act is effective for property tax years beginning after 1998.

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