South Carolina General Assembly
110th Session, 1993-1994

Bill 3922

                    Current Status
Introducing Body:               House
Bill Number:                    3922
Ratification Number:            300
Act Number:                     293
Primary Sponsor:                Sheheen
Type of Legislation:            GB
Subject:                        Property tax exemptions
Date Bill Passed both Bodies:   19940127
Computer Document Number:       JIC/5782HC.93
Governor's Action:              S
Date of Governor's Action:      19940301
Introduced Date:                19930413
Date of Last Amendment:         19940120
Last History Body:              ------
Last History Date:              19940301
Last History Type:              Signed by Governor
Scope of Legislation:           Statewide
All Sponsors:                   Sheheen
Type of Legislation:            General Bill
History

Bill   Body    Date          Action Description              CMN  Leg Involved
----   ------  ------------  ------------------------------  ---  ------------
3922   ------  19940301      Signed by Governor
3922   ------  19940301      Act No. 293
3922   ------  19940224      Ratified R 300
3922   House   19940127      Concurred in Senate
                             amendment, enrolled for
                             ratification
3922   Senate  19940125      Read third time, returned to
                             House with amendment
3922   Senate  19940120      Amended, read second time
3922   Senate  19940119      Committee Report: Favorable     06
                             with amendment
3922   Senate  19930526      Introduced, read first time,    06
                             referred to Committee
3922   House   19930526      Read third time, sent to
                             Senate
3922   House   19930525      Read second time
3922   House   19930511      Committee Report: Favorable     30
3922   House   19930413      Introduced, read first time,    30
                             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.)

(A293, R300, H3922)

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 ALLOWED NONPROFIT HOUSING CORPORATIONS EXCLUSIVELY PROVIDING BELOW-COST HOUSING FOR HANDICAPPED PERSONS OR BOTH AGED AND HANDICAPPED PERSONS TO NONPROFIT CORPORATIONS EXCLUSIVELY PROVIDING BELOW-COST SUPPORTIVE HOUSING FOR ELDERLY PERSONS OR HOUSEHOLDS AUTHORIZED PURSUANT TO APPROPRIATE FEDERAL LAWS AND TO DELETE OBSOLETE LANGUAGE.

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

Nonprofit housing corporations

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

"(11) (a) All property of nonprofit housing corporations devoted exclusively to providing below-cost housing for the aged or for handicapped persons or for both aged and handicapped persons as authorized by Section 202 of the Housing Act of 1959 and regulated in part by 24 CFR Part 885.

(b) All property of nonprofit housing corporations devoted exclusively to providing below-cost supporting housing for elderly persons or households as authorized by Section 202 of the Housing Act of 1959 as amended under Section 801 of the National Affordable Housing Act of 1990 and regulated in part by 24 CFR Part 889.

(c) All property of nonprofit housing corporations devoted exclusively to providing below-cost supportive housing for persons with disabilities as authorized by Section 811 of the National Affordable Housing Act of 1990 and regulated in part by 24 CFR Part 890."

Time effective

SECTION 2. Upon approval by the Governor, this act is effective for taxable years beginning after 1993.

Approved the 1st day of March, 1994.