Bill Text: SC H4506 | 2021-2022 | 124th General Assembly | Introduced

South Carolina House Bill 4506 (Prior Session Legislation)

Introduced

Bill Title: Motorcycle Assessment Ratio

Spectrum: Partisan Bill (Republican 3-0)

Status: (Introduced - Dead) 2022-01-11 - Referred to Committee on Ways and Means [H4506 Detail]

Download: South_Carolina-2021-H4506-Introduced.html

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 PROVIDE A PROPERTY TAX EXEMPTION FOR ONE THIRD OF THE VALUE OF ANY MOTORCYCLE.

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

SECTION 1. Section 12-37-220(B) of the 1976 Code, as last amended by Act 145 of 2020, is further amended by adding an appropriately numbered item at the end to read:

"( ) one third of the value of a motorcycle, as defined in Section 56-1-10(8)."

SECTION 2. This act takes effect beginning in property tax years after 2021.