H 4600

South Carolina General Assembly
126th Session, 2025-2026
Bill 4600
Indicates Matter Stricken
Indicates New Matter
(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)
A bill
TO AMEND THE SOUTH CAROLINA CODE OF LAWS
BY AMENDING SECTION 12-37-220, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO
EXEMPT A CERTAIN PERCENT OF THE FAIR MARKET OF AN OWNER-OCCUPIED RESIDENTIAL
PROPERTY IF THE OWNER IS A VETERAN WITH A SERVICE-CONNECTED DISABILITY.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1.  Section 12-37-220(B) of the
S.C. Code is amended by adding:
    (54)(a) In addition to
any other exemption, the fair market value of the owner-occupied residential
property of a person is exempt from county, municipal, school, and special
assessment real estate property taxes when the person is a veteran of the Armed
Forces of the United States and has a service-connected disability. The
percentage amount of the exemption that a person may claim must equal the
percentage of the person's service-connected disability. To qualify for the
exemption, the person must have a service-connected disability of at least ten
percent.
  (b) The department may adopt rules and
promulgate regulations necessary to administer the provisions of this section.
However, a surviving spouse may keep this exemption in the same manner as a
surviving spouse may keep the exemption pursuant to Section 12-37-250, mutatis
mutandis.
SECTION
2.  This act takes effect upon approval by the Governor and first applies to
property tax years beginning after 2025.
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This web page was last updated on December 17, 2025 at 12:47 PM