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SC H4599

Bill

Official Source

Status

Introduced

1/13/2026

Primary Sponsor

Harriet Holman

Click for details

Origin

House of Representatives

126th General Assembly

AI Summary

  • Increases the homestead property tax exemption from the first $50,000 to the first $150,000 of fair market value for qualifying homeowners
  • Exemption applies to county, municipal, school, and special assessment real estate property taxes
  • Eligible individuals include South Carolina residents who are age 65 or older, totally and permanently disabled, or legally blind
  • Repeals Section 12-37-245, an obsolete reference to the homestead exemption
  • Takes effect upon Governor's approval and applies to property tax years beginning after 2025

Legislative Description

Homestead Exemption

Last Action

Referred to Committee on Ways and Means

1/13/2026

Committee Referrals

Ways and Means12/16/2025

Full Bill Text

No bill text available