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H 3007 - Exempts ten percent of the fair market value of certain second homes

Tracking Level: Of Interest
Sponsor: Jimmy Bales
Last Action: 1/13/2015 - House - Referred to Committee on Ways and Means
House Committee:
Assigned To:
Property TaxesNext Bill

Staff Analysis of the Legislation

Summary of the bill as introduced: Exempts ten percent of the fair market value of second homes as long as the second home is not rented and the applicant meets certain requirements of the original homestead exemption.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text

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Municipal Association of South Carolina
1411 Gervais St., PO Box 12109, Columbia, SC 29211
Phone: 803.799.9574, Fax: 803.933.1299, mail@masc.sc