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H. 3081
STATUS INFORMATION
General Bill
Sponsors: Reps. Gambrell and Crosby
Document Path: l:\council\bills\bbm\9889htc11.docx
Introduced in the House on January 11, 2011
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 ------------------------------------------------------------------------------- 12/7/2010 House Prefiled 12/7/2010 House Referred to Committee on Ways and Means 1/11/2011 House Introduced and read first time (House Journal-page 38) 1/11/2011 House Referred to Committee on Ways and Means (House Journal-page 38)
View the latest legislative information at the LPITS web site
VERSIONS OF THIS 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 FROM PROPERTY TAX ONE PRIVATE PASSENGER MOTOR VEHICLE OWNED OR LEASED BY AN INDIVIDUAL WHO HAS ATTAINED THE AGE OF SIXTY-FIVE YEARS AND TO EXEMPT ONE WATERCRAFT OWNED OR LEASED BY AN INDIVIDUAL WHO HAS ATTAINED 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 279 of 2010, is further amended by adding two appropriately numbered items at the end to read:
"( ) One private passenger motor vehicle as defined in Section 56-3-630 owned or leased by an individual who has attained the age of sixty-five years before the motor vehicle tax year for which the exemption is claimed.
( ) One watercraft owned or leased by an individual who has attained the age of sixty-five years before the property tax year for which the exemption is claimed. A watercraft eligible to be classified as primary or secondary residence pursuant to Section 12-43-224 is ineligible for the exemption allowed pursuant to this item."
SECTION 2. This act takes effect upon approval by the Governor and applies for private passenger motor vehicle property tax years and watercraft property tax years beginning after 2011.
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