South Carolina General Assembly
112th Session, 1997-1998

Bill 575


                    Current Status

Bill Number:                    575
Ratification Number:            200
Act Number:                     126
Type of Legislation:            General Bill GB
Introducing Body:               Senate
Introduced Date:                19970326
Primary Sponsor:                Ryberg 
All Sponsors:                   Ryberg 
Drafted Document Number:        kgh\15025htc.97
Date Bill Passed both Bodies:   19970604
Governor's Action:              S
Date of Governor's Action:      19970611
Subject:                        Property tax exemptions, nonprofit
                                entities, structure for disadvantaged;
                                Taxation, Charitable
                                Organizations

History


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

------  19970630  Act No. A126
------  19970611  Signed by Governor
------  19970609  Ratified R200
House   19970604  Read third time, enrolled for
                  ratification
House   19970603  Read second time
House   19970603  Debate adjourned
House   19970528  Recalled from Committee                  30 HWM
House   19970422  Introduced, read first time,             30 HWM
                  referred to Committee
Senate  19970418  Read third time, sent to House
Senate  19970417  Read second time, unanimous
                  consent for third reading on
                  Friday, 19970418
Senate  19970416  Recalled from Committee,                 06 SF
                  placed on the Calendar
Senate  19970326  Introduced, read first time,             06 SF
                  referred to Committee


View additional legislative information at the LPITS web site.


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

(A126, R200, S575)

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 DELETE THE FIVE-YEAR LIMIT ON THE EXEMPTION ALLOWED PROPERTY ACQUIRED BY NONPROFIT ENTITIES FOR THE PURPOSE OF BUILDING OR RENOVATING RESIDENTIAL STRUCTURES FOR DISADVANTAGED PERSONS.

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

Exemption

SECTION 1. Section 12-37-220(B)(16)(b) of the 1976 Code, as last amended by Act 431 of 1996, is further amended to read:

"(b) The property of any religious, charitable, or eleemosynary society, corporation, or other association when the property is acquired for the purpose of building or renovating residential structures on it for not-for-profit sale to economically disadvantaged persons. The total properties for which the religious, charitable, or eleemosynary society, corporation, or other association may claim this exemption in accordance with this paragraph may not exceed fifty acres per county within the State."

Time effective

SECTION 2. This act is effective for property tax years beginning after 1996.

Approved the 11th day of June, 1997.