South Carolina H 3352: Military retirement income, deductions

Bill Text

2025-2026 Bill 3352 Text of Previous Version (Dec. 06, 2024) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 3352

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 12-43-220, RELATING TO SPECIAL FOUR PERCENT ASSESSMENT RATIO, SO AS TO 
PROHIBIT AN ASSESSOR FROM REQUIRING AN APPLICANT TO PROVIDE CONFIDENTIAL TAX RECORDS.

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

SECTION 1. Section 12-43-220(c)(2)(iv) of the S.C. Code is amended 
to read:

 (iv) In addition to the 
certification, the burden of proof for eligibility for the four percent 
assessment ratio is on the owner-occupant and the applicant must provide proof 
the assessor requires including, but not limited to:

 (A) a copy of 
the owner-occupant's most recently filed South Carolina individual income tax 
return;

 (B)(A) copies of South Carolina motor vehicle registrations 
for all motor vehicles registered in the name of the owner-occupant and 
registered at the same address of the four percent domicile;

 (C)(B) other proof required by the assessor necessary to 
determine eligibility for the assessment ratio allowed by this item, except that the assessor may not require the production of 
confidential tax records.

 If the 
owner or the owner's agent has made a proper certificate as required pursuant 
to this subitem and the owner is otherwise eligible, the owner is deemed to 
have met the burden of proof and is allowed the four percent assessment ratio 
allowed by this item, if the residence that is the subject of the application 
is not rented for more than seventy-two days in a calendar year. For purposes of determining eligibility, rental income, and 
residency, the assessor annually may require a copy of applicable portions of 
the owner's federal and state tax returns, as well as the Schedule E from the 
applicant's federal return for the applicable tax year.

 If the 
assessor determines the owner-occupant ineligible, the six percent property tax 
assessment ratio applies and the owner-occupant may appeal the classification 
as provided in Chapter 60 of this title.

SECTION 2. This act takes effect upon approval 
by the Governor and applies to tax years beginning after 2024.

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This web page was last updated on December 06, 2024 at 11:45 AM