South Carolina H 5014: Motor Vehicle Property Tax Exemption

Bill Text

2025-2026 Bill 5014 Text of Previous Version (Jan. 27, 2026) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 5014

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 ONE PERSONAL MOTOR VEHICLE FOR 
INDIVIDUALS OVER SIXTY-FIVE YEARS OF AGE.

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) to the extent not 
otherwise exempt, one hundred percent of the fair market value of one personal 
motor vehicle of an individual who has reached the age of seventy years on or 
before December thirty-first and fifty percent of the fair market value of one 
personal motor vehicle of an individual who has reached the age of sixty-five 
years on or before December thirty-first.

 (b) An individual is eligible for the 
exemption provided for in this item if he:

 (i) has paid South Carolina motor 
vehicle property taxes on one or more personal motor vehicles for a cumulative 
period of no less than five years, whether consecutively or nonconsecutively; 
and

 (ii) has paid such motor vehicle 
property taxes at the full applicable tax rate for the required five-year 
period, without receiving any age-based, disability-based, or other partial or 
full exemptions or reductions during that period.

 (c) The exemption authorized by this 
item:

 (i) applies to one personal motor 
vehicle per taxpayer;

 (ii) applies regardless of whether 
the vehicle is owned or leased;

 (iii) is not subject to income 
limitations or means testing;

 (iv) does not transfer upon sale, 
conveyance, or replacement of the vehicle; and

 (v) must be claimed in the manner 
prescribed by the department.

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

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This web page was last updated on January 27, 2026 at 10:14 AM