States / South Carolina / H 4475

H 4475 In Committee

Nonprofit housing corporations

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

A BILL TO 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.

Chamber
House
Introduced
May 1, 2025
Last action
May 1, 2025 — Referred to Committee on Ways and Means
Session
2025-2026
Momentum
31 · Low