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
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ Senate 19980303 Introduced, read first time, 06 SF referred to CommitteeView additional legislative information at the LPITS web site.
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.