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SC H3367

Bill

Official Source

Status

Introduced

1/14/2025

Primary Sponsor

Steven Long

Click for details

Origin

House of Representatives

126th General Assembly

AI Summary

  • Reduces the rollback tax period for agricultural land converted to non-agricultural use from three years to one year
  • Rollback taxes are the difference between the lower agricultural-use tax rate and the standard property tax rate that would have applied
  • Applies when property owners take actions inconsistent with agricultural use of their land
  • The change affects Section 12-43-220(d)(4) of the South Carolina Code regarding property valuation and assessment
  • Takes effect upon approval by the Governor

Legislative Description

Roll back taxes

Last Action

Member(s) request name removed as sponsor: Kirby

4/30/2025

Committee Referrals

Ways and Means12/5/2024

Full Bill Text

No bill text available