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H 4666 -
Enacts the Save Our Property Act
Tracking Level:
Of Interest
Sponsor:
Josiah Magnuson
Last Action:
1/9/2024 - House - Referred to Committee on Ways and Means
House Committee:
WM
Assigned To:
House
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Property Taxes
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Staff Analysis of the Legislation
Summary of the bill as introduced
: Authorizes an assessor to defer property taxes until the next year on certain properties if an applicants income is less than a percentage of the county median income.
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Session 125 - (2023-2024)
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H 4666 General Bill, By
Magnuson
,
Trantham
,
S. Jones
and
Guffey
Summary:
Save Our Property Act
A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "SAVE OUR PROPERTY ACT" BY ADDING SECTION 12-45-440 SO AS TO AUTHORIZE AN ASSESSOR TO DEFER PROPERTY TAXES UNTIL THE NEXT YEAR ON CERTAIN RESIDENTIAL OR AGRICULTURAL PROPERTY IF AN APPLICANT'S INCOME IS LESS THAN A CERTAIN PERCENTAGE OF THE COUNTY MEDIAN INCOME.
View full text
12/14/23
House
Prefiled
12/14/23
House
Referred to Committee on Ways and Means
01/09/24
House
Introduced and read first time (
House Journal-page 117
)
01/09/24
House
Referred to Committee on Ways and Means (
House Journal-page 117
)
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