South Carolina H 3424: Property tax relief for seniors

Bill Text

2025-2026 Bill 3424 Text of Previous Version (Dec. 06, 2024) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 3424

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 ENACTING THE 
"SOUTH CAROLINA PROPERTY TAX RELIEF FOR SENIORS ACT"; BY AMENDING SECTION 
12-37-250, RELATING TO HOMESTEAD PROPERTY TAX EXEMPTION ALLOWED FOR PERSONS WHO 
ARE OVER THE AGE OF SIXTY-FIVE YEARS, DISABLED, OR LEGALLY BLIND, SO AS TO 
INCREASE THE EXEMPTION AMOUNT FROM THE FIRST FIFTY THOUSAND DOLLARS TO THE 
FIRST ONE MILLION DOLLARS OF THE FAIR MARKET VALUE OF THE HOMESTEAD; AND BY 
ADDING ARTICLE 12 TO CHAPTER 36, TITLE 12 SO AS TO PROVIDE FOR AN ADDITIONAL 
SALES, USE, AND CASUAL EXCISE TAX.

Be it enacted by the 
General Assembly of the State of South Carolina:

SECTION 1. This act may be cited as the "South Carolina Property Tax Relief for 
Seniors Act".

SECTION 2. Section 12-37-250(A)(1) of the S.C. Code is amended to 
read:

 (1) The first 
fifty thousand one million dollars of the 
fair market value of the dwelling place of a person is exempt from county, 
municipal, school, and special assessment real estate property taxes when the 
person:

 (i) 
has been a resident of this State for at least one year and has reached the age 
of sixty-five years on or before December thirty-first;

 (ii) 
has been classified as totally and permanently disabled by a state or federal 
agency having the function of classifying persons; or

 (iii) 
is legally blind as defined in Section 43-25-20, preceding the tax year in 
which the exemption is claimed and holds complete fee simple title or a life 
estate to the dwelling place. A person claiming to be totally and permanently 
disabled, but who has not been classified by one of the agencies, may apply to 
the state agency of Vocational Rehabilitation. The agency shall make an 
evaluation of the person using its own standards.

SECTION 3. Chapter 36, Title 12 of the S.C. Code is amended by 
adding:

Article 12

Additional Sales, Use, and Casual Excise Tax

 Section 
12-36-1210. Beginning June 1, 2025, an additional sales, use, and casual 
excise tax equal to 0.32 percent is imposed on amounts taxable pursuant to this 
chapter, except that this additional 0.32 percent tax does not apply to amounts 
taxed pursuant to Section 12-36-920(A), the tax on accommodations for 
transients, nor does this additional tax apply to items subject to a maximum 
sales and use tax pursuant to Section 12-36-2110 nor to the sale of unprepared 
food which may be lawfully purchased with United States Department of 
Agriculture food coupons.

 Section 
12-36-1220. The revenue of the taxes imposed by this article must be credited 
to the Trust Fund for Tax Relief established pursuant to Section 11-11-150.

 Section 
12-36-1230. The Department of Revenue may prescribe amounts that may be added 
to the sales price to reflect the additional taxes imposed pursuant to this 
article.

SECTION 4. This act takes effect upon approval 
by the Governor and first applies to tax years beginning after 2024.

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This web page was last updated on December 06, 2024 at 11:51 AM