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S. 276
STATUS INFORMATION
General Bill
Sponsors: Senator Alexander
Document Path: l:\council\bills\ms\7106ssp07.doc
Companion/Similar bill(s): 3210
Introduced in the Senate on January 16, 2007
Currently residing in the Senate Oconee Delegation
Summary: Oconee County homestead property tax exemption
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 1/16/2007 Senate Introduced and read first time SJ-5 1/16/2007 Senate Referred to delegation from Oconee County SJ-5
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AUTHORIZE THE GOVERNING BODY OF OCONEE COUNTY TO PROVIDE FOR A HOMESTEAD PROPERTY TAX EXEMPTION SUFFICIENT TO EQUAL ONE HUNDRED THOUSAND DOLLARS, INCLUDING THE STATEWIDE HOMESTEAD PROPERTY TAX EXEMPTION AMOUNT, OF THE FAIR MARKET VALUE OF THE DWELLING PLACE OF A PERSON WHO HAS BEEN A RESIDENT OF THIS STATE FOR AT LEAST ONE YEAR AND HAS REACHED THE AGE OF SIXTY-FIVE, A PERSON WHO IS CLASSIFIED AS TOTALLY AND PERMANENTLY DISABLED, OR A PERSON WHO IS LEGALLY BLIND, AND TO MAKE THE ELIGIBILITY REQUIREMENTS OF THE STATEWIDE HOMESTEAD EXEMPTION APPLY MUTATIS MUTANDIS TO THE PROPERTY TAX EXEMPTION ADOPTED BY THE GOVERNING BODY.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. (A) The governing body of Oconee County may, by ordinance, adopt a homestead property tax exemption sufficient to equal one hundred thousand dollars, including the exemption amount allowed pursuant to Section 12-37-250 of the 1976 Code, of the fair market value of the dwelling place of a person who:
(1) has been a resident of the State for at least one year and has reached the age of sixty-five years on or before December thirty-first;
(2) is classified as totally and permanently disabled by a state or federal agency having the function of classifying persons; or
(3) is legally blind as defined in Section 43-25-20 of the 1976 Code.
(B) The exemption allowed in subsection (A) is equal to one hundred thousand dollars less the exemption amount allowed pursuant to Section 12-37-250 of the 1976 Code and applies for the same taxes as the exemption allowed pursuant to Section 12-37-250. The governing body shall not provide a homestead property tax exemption that exceeds a total of one hundred thousand dollars of the fair market value of a person's dwelling place when adding the exemption allowed pursuant to Section 12-37-250.
(C) If the governing body adopts a property tax exemption pursuant to this act, all requirements applicable to property receiving the exemption allowed pursuant to Section 12-37-250 of the 1976 Code apply for the exemption allowed pursuant to this act. The exemption first applies in the property tax year beginning after the enactment of the ordinance.
SECTION 2. This act takes effect upon approval of the Governor.
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