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SC H4597
Bill
Status
Introduced
1/13/2026
Primary Sponsor
Harriet Holman
Click for details
AI Summary
- Provides graduated property tax exemptions on primary residences for individuals aged 66 and older, starting at 20% exemption at age 66 and increasing by 20% each year
- Exempts 100% of fair market value for homeowners who have reached age 70 by December 31st of the tax year
- Exempts 80% at age 69, 60% at age 68, 40% at age 67, and 20% at age 66
- Applies only to the extent the property is not already exempt under Section 12-37-250 (existing homestead exemption provisions)
- Takes effect upon approval by the Governor
Legislative Description
Property Tax Exemption
Last Action
Member(s) request name added as sponsor: Brewer, Ford
1/21/2026
Committee Referrals
Ways and Means12/16/2025
Full Bill Text
No bill text available