South Carolina H 4600: Property tax exemption

Bill Text

2025-2026 Bill 4600 Text of Previous Version (Dec. 17, 2025) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 4600

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 
EXEMPT A CERTAIN PERCENT OF THE FAIR MARKET OF AN OWNER-OCCUPIED RESIDENTIAL 
PROPERTY IF THE OWNER IS A VETERAN WITH A SERVICE-CONNECTED DISABILITY.

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)(a) In addition to 
any other exemption, the fair market value of the owner-occupied residential 
property of a person is exempt from county, municipal, school, and special 
assessment real estate property taxes when the person is a veteran of the Armed 
Forces of the United States and has a service-connected disability. The 
percentage amount of the exemption that a person may claim must equal the 
percentage of the person's service-connected disability. To qualify for the 
exemption, the person must have a service-connected disability of at least ten 
percent.

 (b) The department may adopt rules and 
promulgate regulations necessary to administer the provisions of this section. 
However, a surviving spouse may keep this exemption in the same manner as a 
surviving spouse may keep the exemption pursuant to Section 12-37-250, mutatis 
mutandis.

SECTION 
2. This act takes effect upon approval by the Governor and first applies to 
property tax years beginning after 2025.

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This web page was last updated on December 17, 2025 at 12:47 PM