H 4595

South Carolina General Assembly
126th Session, 2025-2026
Bill 4595
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
PROVIDE FOR AN EXEMPTION FOR THE PRIMARY RESIDENCE OF CERTAIN INDIVIDUALS WHO
ARE OVER SIXTY-FIVE OR ARE FULLY DISABLED VETERANS AND WHOSE PRIMARY RESIDENCE
IS NOT ENCUMBERED WITH A MORTGAGE LIEN.
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) to the extent not already exempt pursuant to Section 12-37-250, one
hundred percent of the fair market value of the primary residence of an
individual who has reached the age of sixty-five years on or before December
thirty-first or is a fully disabled veteran if that primary residence is not
encumbered with a mortgage lien.
SECTION
2.  This act takes effect upon approval by the Governor and first applies to
property tax years after 2025.
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This web page was last updated on December 17, 2025 at 01:05 PM