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SC H5016

Bill

Official Source

Status

Introduced

1/27/2026

Primary Sponsor

Don Chapman

Click for details

Origin

House of Representatives

126th General Assembly

AI Summary

  • Provides tiered property tax exemptions on primary residences based on age: 25% exemption at age 70, 50% at age 75, 75% at age 80, and 100% at age 85
  • Requires applicants to have paid South Carolina property taxes on owner-occupied primary residences for at least 5 cumulative years at the full primary residence rate without prior age-based or disability-based exemptions
  • Allows surviving spouses to continue receiving the same exemption level if they were married to the qualifying taxpayer at death, occupy the property as their primary residence, and have not remarried
  • State Department of Revenue will reimburse county treasurers for revenue losses from the exemption
  • Takes effect upon Governor's approval and applies to property tax years after 2025

Legislative Description

Property Tax Exemption

Last Action

Referred to Committee on Ways and Means

1/27/2026

Committee Referrals

Ways and Means1/27/2026

Full Bill Text

No bill text available