South Carolina H 3458: A JOINT RESOLUTION TO DIRECT THE SOUTH CAROLINA MEMBERS OF THE JASPER OCEAN TERMINAL JOINT PROJECT OFFICE BOARD OF DIRECTORS TO NAME THE PROPOSED JASPER OCEAN TERMINAL TO BE LOCATED IN JASPER COUNTY THE "HENRY PARKS MOSS, JR. MEMORIAL PORT".

Bill Text

2025-2026 Bill 3458 Text of Previous Version (Dec. 06, 2024) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 3458

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 
"RELIGIOUS INSTITUTIONS AFFORDABLE HOUSING ACT" BY ADDING SECTION 31-1-60 SO AS 
TO PROVIDE THAT A RELIGIOUS ORGANIZATION MAY BUILD CERTAIN AFFORDABLE HOUSING 
AND MAINTAIN ITS PROPERTY TAX EXEMPT STATUS.

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

SECTION 1. This act may be cited as the "Religious Institutions Affordable Housing 
Act."

SECTION 2. Article 1, Chapter 1, Title 31 of the S.C. Code is 
amended by adding:

 Section 
31-1-60. (A) Notwithstanding any 
other provision of law, a religious institution recognized as a 501(c)(3) 
organization by the Internal Revenue Service may utilize its contiguous 
property for the purpose of building affordable housing without losing its 
property tax exempt status pursuant to Section 12-37-220. For purposes of this 
section, "affordable housing" means a dwelling unit that has an annual rent of 
sixty percent or less of the median household income of the county in which the 
affordable housing is located.

 (B) In 
order for the affordable housing to qualify as tax exempt:

 (1) 
the religious institution shall maintain a minimum of ten percent ownership in 
the affordable housing;

 (2) 
the affordable housing project must have at least ten units; and

 (3) 
at least fifty percent of the units must be set aside as affordable housing at 
all times.

 (C) The 
units of the affordable housing development may include multifamily units, 
duplexes, single family houses, or a combination thereof.

 (D) The 
religious institution shall submit an annual report to the South Carolina 
Housing Authority demonstrating compliance with this section.

 (E) A 
religious institution that owned property before July 1, 2025, may utilize any 
of its property for the purpose of building affordable housing on that property 
regardless of whether or not it is contiguous property.

SECTION 3. This act takes effect upon approval 
by the Governor.

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This web page was last updated on December 06, 2024 at 12:01 PM