Motor Vehicle Property Tax Exemption
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill proposes an exemption for property taxes on a single personal motor vehicle for South Carolina residents who are at least 65 years old. Individuals who are 70 or older are also eligible for a reduced exemption. To qualify, applicants must have paid motor vehicle property taxes for at least five years without receiving other tax reductions and must claim the exemption as prescribed by the department.
Key provisions
- Provides a 100% property tax exemption for one motor vehicle for individuals 70 and older.
- Provides a 50% property tax exemption for one motor vehicle for individuals 65 and older.
- Requires a minimum five-year history of paying motor vehicle property taxes without other exemptions.
- The exemption applies to vehicles owned or leased.
- The exemption does not have income limitations.
- The exemption does not transfer upon sale or replacement of the vehicle.
- Claiming the exemption must be done according to department procedures.
Who is affected
- Senior citizens (65 and 70 years of age)
- Motor vehicle owners
- Property tax payers
Notable changes
- Establishes a new property tax exemption for older residents.
- Specifies the conditions for eligibility, including a minimum five-year tax payment history.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours