South Carolina House Bill 4475: Nonprofit housing corporations

South Carolina · 2025-2026 Regular Session

What it does

Amend The South Carolina Code Of Laws By Amending Section 12-37-220, Relating To Property Tax Exemptions, So As To Provide That The Exemption For Certain Property Of A Nonprofit Housing Corporation Only Applies To The Percentage Of Property That Equals The Corporation's Ownership Interest In The Property, To Provide An Exception, And To Provide Certain Certification And Notice Requirements.

Latest action

Referred to Committee on Ways and Means (2025-05-01)

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