South Carolina General Assembly
111th Session, 1995-1996

Bill 1072

                    Current Status

Bill Number:                    1072
Ratification Number:            308
Act Number:                     282
Type of Legislation:            General Bill GB
Introducing Body:               Senate
Introduced Date:                19960130
Primary Sponsor:                Matthews
All Sponsors:                   Matthews, Washington, Ford and
                                Glover 
Drafted Document Number:        pfm\7869htc.96
Date Bill Passed both Bodies:   19960404
Governor's Action:              U  Became law without signature of
                                Governor
Date of Governor's Action:      19960507
Subject:                        Property tax exempt, nonprofit
                                housing corporations
History



Body    Date      Action Description                       Com     Leg Involved
______  ________  _______________________________________  _______ ____________

------  19960515  Act No. A282
------  19960507  Unsigned, became law without
                  signature of Governor
------  19960430  Ratified R308
House   19960404  Read third time, enrolled for
                  ratification
House   19960403  Unanimous consent for third
                  reading on the next Legislative day
House   19960403  Read second time
House   19960328  Committee report: Favorable              30 HWM
House   19960313  Introduced, read first time,             30 HWM
                  referred to Committee
Senate  19960312  Read third time, sent to House
Senate  19960307  Read second time
Senate  19960306  Committee report: Favorable              06 SF
Senate  19960130  Introduced, read first time,             06 SF
                  referred to Committee
View additional legislative information at the LPITS web site.

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

(A282, R308, S1072)

AN ACT TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXTEND THE EXEMPTION FOR CERTAIN NONPROFIT HOUSING CORPORATIONS TO PROPERTY OF SUCH CORPORATIONS DEVOTED EXCLUSIVELY TO PROVIDING RENTAL OR COOPERATIVE HOUSING AND RELATED FACILITIES FOR ELDERLY OR HANDICAPPED PERSONS OR FAMILIES OF LOW OR MODERATE INCOME IN ACCORDANCE WITH FEDERAL HOUSING LAW.

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

Exemption extended

SECTION 1. Section 12-37-220(B)(11) of the 1976 Code, as last amended by Act 361 of 1992, is further amended by adding an appropriately lettered subitem at the end to read:

"( ) all property of nonprofit housing corporations devoted exclusively to providing rental or cooperative housing and related facilities for elderly or handicapped persons or families of low or moderate income as authorized by Section 515 of Title V of the Housing Act of 1949."

Time effective

SECTION 2. Upon approval by the Governor, this act is effective for taxable years beginning after 1995.

Became law without the signature of the Governor -- 5/7/96.