H 4597

South Carolina General Assembly
126th Session, 2025-2026
Bill 4597
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 CERTAIN PROPERTY TAX EXEMPTIONS FOR INDIVIDUALS OVER THE AGE OF
SIXTY-FIVE.
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 seventy years on or before December
thirty-first, eighty percent of the fair market value of the primary residence
of an individual who has reached the age of sixty-nine years on or before
December thirty-first, sixty percent of the fair market value of the primary
residence of an individual who has reached the age of sixty-eight years on or
before December thirty-first, forty percent of the fair market value of a
primary residence of an individual who has reached the age of sixty-seven years
on or before December thirty-first, and twenty percent of the fair market value
of the primary residence of an individual who has reached the age of sixty-six
years on or before December thirty-first.
SECTION
2.  This act takes effect upon approval by the Governor.
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This web page was last updated on December 17, 2025 at 12:45 PM