Bill Text: SC H4060 | 2025-2026 | 126th General Assembly | Introduced
Bill Title: Property tax exemption
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced) 2025-02-19 - Referred to Committee on Ways and Means [H4060 Detail]
Download: South_Carolina-2025-H4060-Introduced.html
South Carolina General Assembly
126th Session, 2025-2026
Bill 4060
Indicates Matter Stricken
Indicates New Matter
(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)
A bill
TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-37-220, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT FORTY-TWO AND THREE QUARTERS PERCENT OF THE NET DEPRECIATED VALUE OF BUSINESS PERSONAL PROPERTY.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-37-220(B) of the S.C. Code is amended by adding:
(54) forty-two and three quarters percent of the net depreciated value of business personal property.
SECTION 2. This act takes effect upon approval by the Governor.
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This web page was last updated on February 19, 2025 at 02:02 PM
