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H. 4721
STATUS INFORMATION
General Bill
Sponsors: Rep. W.D. Smith
Document Path: l:\council\bills\bbm\10382htc08.doc
Introduced in the House on February 20, 2008
Currently residing in the House Committee on Ways and Means
Summary: Property tax exemptions
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 2/20/2008 House Introduced and read first time HJ-11 2/20/2008 House Referred to Committee on Ways and Means HJ-11
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AMEND SECTION 12-37-220, AS AMENDED, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT ALL REAL AND PERSONAL PROPERTY OWNED BY A NOT-FOR-PROFIT STATE OR COUNTY FAIR ASSOCIATION.
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 amended by Act 116 of 2007, is further amended by adding an appropriately numbered new item at the end to read:
"( ) all real and personal property owned by a state or county fair association or society operating as a not-for-profit entity."
SECTION 2. This act takes effect upon approval by the Governor and applies for property tax years beginning after 2007.
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