SC H4795 | 2011-2012 | 119th General Assembly
Status
Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on February 22 2012 - 25% progression, died in committee
Action: 2012-02-22 - Referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 22 2012 - 25% progression, died in committee
Action: 2012-02-22 - Referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Allow An Exemption Equal To One-third Of The Fair Market Value Of Real Property And A Second Home Located Thereon If Interest On Acquisition Indebtedness On The Residence Is Deductible For Federal Income Tax Purposes As Interest On A Second Home, To Provide That No Exemption Is Allowed If The Residence Is A Vacation Time Share Arrangement, And To Provide The Method Of Claiming The Exemption.
Title
Property tax exemptions
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2012-02-22 | Referred to Committee on Ways and Means | |
| 2012-02-22 | Introduced and read first time |
Code Citations
South Carolina State Sources
| Type | Source |
|---|---|
| Summary | https://www.scstatehouse.gov/billsearch.php?billnumbers=4795&session=119&summary=B |
| Text | https://www.scstatehouse.gov/sess119_2011-2012/prever/4795_20120222.htm |
