Current StatusView additional legislative information at the LPITS web site.Bill Number: 3762 Ratification Number: 544 Act Number 437 Introducing Body: House Subject: To provide that property exempted from ad valorem taxation by Section 12-37-220 does not have to be assessed
(A437, R544, H3762)
AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-43-330 SO AS TO PROVIDE THAT PROPERTY EXEMPTED FROM AD VALOREM TAXATION BY SECTION 12-37-220 DOES NOT HAVE TO BE ASSESSED.
Be it enacted by the General Assembly of the State of South Carolina:
Property exempt from assessment
Section 1. The 1976 Code is amended by adding:
"Section 12-43-330. Property exempted from ad valorem taxation by Section 12-37-220 is also exempt from assessment."
Time effective
Section 2. This act shall take effect upon the approval by the Governor.