Bill Text: SC S0395 | 2017-2018 | 122nd General Assembly | Introduced

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Bill Title: Property tax exemptions

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2017-02-09 - Referred to Committee on Finance [S0395 Detail]

Download: South_Carolina-2017-S0395-Introduced.html

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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 EXEMPT THE FIRST TWENTY THOUSAND DOLLARS OF VALUE OF A PERSONAL MOTOR VEHICLE OWNED OR LEASED BY A PERSON WHO HAS BEEN A RESIDENT OF THIS STATE FOR AT LEAST ONE YEAR AND HAS REACHED THE AGE OF SIXTY-FIVE 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, as last amended by Act 23 of 2015, is further amended by adding an appropriately numbered item at the end to read:

"( )    the first twenty thousand dollars of value of a personal motor vehicle owned or leased by a person who has been a resident of this State for at least one year and has reached the age of sixty-five years on or before December thirty-first."

SECTION    2.    This act takes effect upon approval by the Governor and first applies after 2017.