South Carolina · 2025-2026 Regular Session
Amend The South Carolina Code Of Laws By Amending Section 6-1-320, Relating To The Limit On Annual Property Tax Millage Increases Imposed By Political Subdivisions, So As To Restore The Former Method Of Overriding The Annual Cap By A Positive Majority Of The Appropriate Governing Body And Deleting The Super Majority Requirement For Overriding The Cap For Specific Circumstances; By Amending Section 11-11-150, Relating To The Trust Fund For Tax Relief, So As To Restore Funding For The Residential Property Tax Exemption And Full Funding For The School-operating Millage Portion Of The Reimbursement Paid Local Governments For The Homestead Property Tax Exemption For The Elderly Or Disabled; By Amending Section 12-37-220, Relating To Property Tax Exemptions, So As To Delete The Exemption Reimbursed From The Homestead Exemption Fund From All School-operating Millage Allowed All Owner-occupied Residential Property; By Amending Section 12-37-270, Relating To The Reimbursements Paid Local Governments For Property Tax Not Collected As A Result Of The Homestead Exemption For The Elderly Or Disabled And, Among Other Things, The Application Of Property Tax Credits In Counties Where The Use Of…
Referred to Committee on Ways and Means (2025-01-28)