South Carolina General Assembly126th Session, 2025-2026
Bill 317
Indicates Matter StrickenIndicates 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 AMENDING SECTION 12-37-220, RELATING TO THE GENERAL EXEMPTION FROM PROPERTY TAXES, SO AS TO PROVIDE A PROPERTY TAX EXEMPTION OF FIFTY PERCENT OF THE FAIR MARKET VALUE OF WATERCRAFT. Be it enacted by the General Assembly of the State of South Carolina: SECTION 1. Section 12-37-220(B) of the S.C. Code is amended by adding: (54) fifty percent of the fair market value of watercraft as defined in Section 50-23-5. SECTION 2. This act takes effect on January 1, 2026, and first applies to property tax years beginning after 2026. ----XX----
A bill
TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-37-220, RELATING TO THE GENERAL EXEMPTION FROM PROPERTY TAXES, SO AS TO PROVIDE A PROPERTY TAX EXEMPTION OF FIFTY PERCENT OF THE FAIR MARKET VALUE OF WATERCRAFT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-37-220(B) of the S.C. Code is amended by adding:
(54) fifty percent of the fair market value of watercraft as defined in Section 50-23-5.
SECTION 2. This act takes effect on January 1, 2026, and first applies to property tax years beginning after 2026.
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