South Carolina House Bill 4688 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on January 26 2012 - 25% progression, died in committee
Action: 2012-01-26 - Referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]

Enact The "income Tax Credit For Property Tax Relief Act", To Provide Income Tax Credits For Taxpayers At Least Sixty-five Years Of Age In An Amount By Which The Property Tax On The Taxpayer's Principal Residence Exceeds Three Percent Of The Taxpayer's Adjusted Gross Income, To Provide That The Principal Residence Of A Taxpayer Who Qualifies For An Income Tax Credit Against The Ad Valorem Property Tax Liability Thereon Is Exempt From Attachment, Levy, And Sale For Nonpayment Of County Or Municipal Property Taxes For A Period Of Two Years After Such Taxes On This Property Have Become Delinquent, And To Provide That The Principal Residence Of A Taxpayer Who Qualifies For An Income Tax Credit Against The Ad Valorem Property Taxes Thereon And Is At Least Seventy Years Of Age May Have A Lien Filed Against It For Nonpayment Of These Taxes, But Is Exempt From Attachment, Levy, And Sale For The Nonpayment Until Such Time As An Assessable Transfer Of Interest Occurs With Regard To The Property.

Income Tax Credit for Property Tax Relief Act

Rep. Don Bowen [R]

Date	Chamber	Action
2012-01-26		Referred to Committee on Ways and Means
2012-01-26		Introduced and read first time

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=4688&session=119&summary=B
Text	https://www.scstatehouse.gov/sess119_2011-2012/prever/4688_20120126.htm