S 125 South Carolina Senate · 2025-2026 Regular Session

Property tax exemption

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.
Bill status passed 3 of 5 stages cleared
Introduction
Jan 2025
Committee Review
Mar 2025
Senate Passage
Feb 2025
House Passage
Governor
Introduced Jan 14, 2025 Last action Mar 5, 2025
Floor votes · Senate Feb 26, 2025

How they voted

440
Passed · 2 other
Total votes 46
Feb 26, 2025
D Democratic12
11 Yea 1
91% Yea
R Republican34
33 Yea 1
97% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
12
Key actions
4
Committee
4
Amendments
1
Mar 5, 2025
Committee
Referred to Committee on Ways and Means
lower
Mar 5, 2025
Introduced
Introduced and read first time
lower
Feb 27, 2025
Upper · Passed
Read third time and sent to House
upper
Feb 26, 2025
Upper · Passed
Committee Amendment Adopted
upper
Feb 26, 2025
Senate · Passed
Senate Vote: pass (44-0-2)
senate
Feb 19, 2025
Upper · Passed
Committee report: Favorable with amendment Finance
upper
Jan 14, 2025
Committee
Referred to Committee on Finance
upper
Jan 14, 2025
Introduced
Introduced and read first time
upper
Dec 11, 2024
Committee
Referred to Committee on Finance
upper
4 primary · 0 co-sponsors

Sponsors