South Carolina House Bill 4115

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May 15 2013 - Referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]

Provide That If An Owner-occupied Residential Property Lawfully Receiving The Special Four Percent Assessment Ratio And Related Exemptions Should No Longer Be Eligible For That Special Assessment Ratio When Its Owner Leaves The Residence To Enter A Long-term Care Facility, Then The Residence Continues To Receive The Special Four Percent Assessment Ratio And Applicable Exemptions, To Provide The Maximum Duration For This Property Tax Treatment, To Provide That Such Tax Treatment Is Not Allowed If The Residence Produces Rental Income, And To Provide That This Property Tax Treatment Must Be Construed As A Property Tax Exemption.

Provide That If An Owner-occupied Residential Property Lawfully Receiving The Special Four Percent Assessment Ratio And Related Exemptions Should No Longer Be Eligible For That Special Assessment Ratio When Its Owner Leaves The Residence To Enter A Long-term Care Facility, Then The Residence Continues To Receive The Special Four Percent Assessment Ratio And Applicable Exemptions, To Provide The Maximum Duration For This Property Tax Treatment, To Provide That Such Tax Treatment Is Not Allowed If The Residence Produces Rental Income, And To Provide That This Property Tax Treatment Must Be Construed As A Property Tax Exemption.

Rep Kirkman Finlay, III	Rep Nathan Ballentine	Rep Chip Huggins	Rep Beth E. Bernstein
Rep Bruce W. Bannister	Rep Leon Howard	Rep Ralph W. Norman	Rep J. Todd Rutherford
Rep William E. "Bill" Sandifer III

Date	Chamber	Action
2013-05-15	House	Referred to Committee on Ways and Means
2013-05-15	House	Introduced and read first time

Chapter	Article	Section	Citation Type	Statute Text
12	43	220	(n/a)	See Bill Text

Type	Source
Summary	http://www.scstatehouse.gov/billsearch.php?billnumbers=4115&session=120&summary=B
Text	http://www.scstatehouse.gov/sess120_2013-2014/prever/4115_20130515.htm