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H 4475 South Carolina House · 2025-2026 Regular Session

Nonprofit housing corporations

Summary
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.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill restricts property tax exemption scope for nonprofits to ownership percentage, ensuring accurate revenue collection and fiscal responsibility.85% confidence ✗ HousingOpposes HousingLimits tax exemption for nonprofit housing, reducing financial support for affordable housing development by restricting exemptions to ownership percentage only.85% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
May 2025
Committee Review
Floor Vote
Governor
Introduced May 1, 2025 Last action May 1, 2025
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
May 1, 2025
Committee
Referred to Committee on Ways and Means
lower
May 1, 2025
Introduced
Introduced and read first time
lower
3 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Brandon Guffey
Brandon Guffey
RRepublican
SC
48
P
Photo of Brandon Newton
Brandon Newton
RRepublican
SC
45
P
Photo of Heath Sessions
Heath Sessions
RRepublican
SC
46