South Carolina General Assembly
123rd Session, 2019-2020

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A145, R151, S207

STATUS INFORMATION

General Bill
Sponsors: Senator Young
Document Path: l:\s-res\try\002reas.sp.try.docx
Companion/Similar bill(s): 619

Introduced in the Senate on January 8, 2019
Introduced in the House on January 23, 2019
Last Amended on September 22, 2020
Passed by the General Assembly on September 22, 2020
Governor's Action: September 28, 2020, Signed

Summary: Assessment ratios

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
  12/12/2018  Senate  Prefiled
  12/12/2018  Senate  Referred to Committee on Finance
    1/8/2019  Senate  Introduced and read first time (Senate Journal-page 134)
    1/8/2019  Senate  Referred to Committee on Finance 
                        (Senate Journal-page 134)
   1/16/2019  Senate  Committee report: Favorable Finance 
                        (Senate Journal-page 7)
   1/17/2019          Scrivener's error corrected
   1/22/2019  Senate  Read second time (Senate Journal-page 17)
   1/22/2019  Senate  Roll call Ayes-42  Nays-0 (Senate Journal-page 17)
   1/23/2019  Senate  Read third time and sent to House 
                        (Senate Journal-page 10)
   1/23/2019  House   Introduced and read first time (House Journal-page 12)
   1/23/2019  House   Referred to Committee on Labor, Commerce and Industry 
                        (House Journal-page 12)
    2/5/2020  House   Recalled from Committee on Labor, Commerce and Industry 
                        (House Journal-page 50)
    2/5/2020  House   Committed to Committee on Ways and Means 
                        (House Journal-page 50)
   9/15/2020  House   Committee report: Favorable Ways and Means 
                        (House Journal-page 63)
   9/16/2020  House   Amended (House Journal-page 48)
   9/16/2020  House   Read second time (House Journal-page 48)
   9/16/2020  House   Roll call Yeas-109  Nays-0 (House Journal-page 48)
   9/22/2020          Scrivener's error corrected
   9/22/2020  House   Read third time and returned to Senate with amendments 
                        (House Journal-page 23)
   9/22/2020  Senate  House amendment amended (Senate Journal-page 38)
   9/22/2020  Senate  Roll call Ayes-40  Nays-0 (Senate Journal-page 38)
   9/22/2020  Senate  Returned to House with amendments 
                        (Senate Journal-page 38)
   9/22/2020  House   Concurred in Senate amendment and enrolled 
                        (House Journal-page 86)
   9/22/2020  House   Roll call Yeas-104  Nays-0 (House Journal-page 86)
   9/25/2020          Ratified R  151
   9/28/2020          Signed By Governor
   10/2/2020          Effective date  09/28/20
   10/2/2020          Act No.  145

View the latest legislative information at the website

VERSIONS OF THIS BILL

12/12/2018
1/16/2019
1/17/2019
9/15/2020
9/16/2020
9/22/2020
9/22/2020-A


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

(A145, R151, S207)

AN ACT TO AMEND SECTION 12-43-220, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROGRAMS AND UNIFORM ASSESSMENT RATIOS FOR COUNTY EQUALIZATION AND REASSESSMENT, SO AS TO PROVIDE THAT AN OWNER ELIGIBLE FOR AND RECEIVING THE SPECIAL ASSESSMENT PURSUANT TO SECTION 12-43-220 WHO IS RESIDING AT A NURSING HOME RETAINS THE SPECIAL ASSESSMENT RATIO OF FOUR PERCENT FOR AS LONG AS THE OWNER REMAINS IN THE NURSING HOME; TO AMEND SECTION 12-37-220, RELATING TO GENERAL PROPERTY TAX EXEMPTIONS, SO AS TO PROVIDE AN EXEMPTION FOR CERTAIN LEASEHOLD INTERESTS IN AND IMPROVEMENTS TO PROPERTY OWNED BY AN ENTITY THAT PROVIDES CERTAIN HOUSING ACCOMMODATIONS TO LOW INCOME PERSONS; AND TO AMEND SECTION 31-6-30, RELATING TO HOUSING AND REDEVELOPMENT DEFINITIONS, SO AS TO PROVIDE THAT A REDEVELOPMENT PROJECT INCLUDES AFFORDABLE HOUSING PROJECTS WHERE ALL OR A PART OF NEW PROPERTY TAX REVENUES GENERATED IN THE TAX INCREMENT FINANCING DISTRICT ARE USED TO PROVIDE OR SUPPORT PUBLICLY AND PRIVATELY OWNED AFFORDABLE HOUSING IN THE DISTRICT OR IS USED TO PROVIDE INFRASTRUCTURE PROJECTS TO SUPPORT PUBLICLY AND PRIVATELY OWNED AFFORDABLE HOUSING IN THE DISTRICT.

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

Special property tax assessment ratio for nursing home residents

SECTION    1.    Section 12-43-220(c)(2) of the 1976 Code is amended by adding a subitem at the end to read:

"(ix)        If an owner who is entitled to the special assessment ratio for owner-occupied residential property allowed pursuant to this subsection (c), becomes a patient at a nursing home or a community residential care facility, then the owner retains the four percent assessment ratio and applicable exemptions for as long as the owner remains in the home or facility so long as the owner otherwise qualifies, has an intention of returning to the property, and the property is not rented in excess of the amount allowed by this item (c)(2). For purposes of this subitem, nursing home and community residential care facility have the same meaning as provided in Section 44-7-130."

Property tax exemption for certain leasehold interests and improvements

SECTION    2.A.    Section 12-37-220(B)(11)(e) of the 1976 Code is amended to read:

"(e)    all property of nonprofit housing corporations or instrumentalities of these corporations when the property is devoted to providing housing to low or very low income residents. A nonprofit housing corporation or its instrumentality must satisfy the safe harbor provisions of Revenue Procedure 96-32 issued by the Internal Revenue Service for this exemption to apply. For purposes of this subitem, property of nonprofit housing corporations or instrumentalities of these corporations includes all leasehold interests in and improvements to property owned by an entity that provides housing accommodations to persons of low or very low income, and in which a wholly owned affiliate or wholly owned instrumentality of a nonprofit housing corporation is the general partner, managing member, or the equivalent. However, the exemption allowed by this subitem only applies if the property of nonprofit housing corporations or instrumentalities of these corporations satisfies the safe harbor provisions of Revenue Procedure 96-32 issued by the Internal Revenue Service;"

B.        This SECTION takes effect upon approval by the Governor and applies to property tax years beginning after 2020.

Definition of redevelopment project

SECTION    3.    Section 31-6-30(6) of the 1976 Code is amended to read:

"(6)    'Redevelopment project' means any buildings, improvements, including street, road, and highway improvements, water, sewer and storm drainage facilities, parking facilities, tourism and recreation-related facilities, energy production or transmission infrastructure, communications technology, and public transportation infrastructure including, but not limited to, rail and airport facilities. Any project or undertaking authorized under Section 6-21-50 also may qualify as a redevelopment project under this chapter. All the projects are to be publicly owned. A redevelopment may be located outside of the redevelopment area provided the municipality makes specific findings of benefit to the redevelopment project area and the project area is located within the municipal limits. A redevelopment project for purposes of this chapter also includes affordable housing projects where all or a part of new property tax revenues generated in the tax increment financing district are used to provide or support publicly and privately owned affordable housing in the district or is used to provide infrastructure projects to support publicly and privately owned affordable housing in the district. The term 'affordable housing' as used herein means residential housing for rent or sale that is appropriately priced for rent or sale to a person or family whose income does not exceed eighty percent of the median income for the local area, with adjustments for household size, according to the latest figures available from the United States Department of Housing and Urban Development (HUD)."

Time effective

SECTION    4.    This act takes effect upon approval by the Governor.

Ratified the 25th day of September, 2020.

Approved the 28th day of September, 2020.

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This web page was last updated on October 9, 2020 at 1:36 PM