The bill H. 3861 aims to amend the South Carolina Code of Laws by adding Section 6-1-195, which prohibits municipalities, counties, or other political subdivisions from enacting or enforcing any ordinances, resolutions, or regulations that restrict the rental of residential dwellings to short-term guests. The bill defines "residential dwelling," "short-term rental," and "short-term guest," providing clarity on the terms used.

Additionally, the bill establishes penalties for any governing body that violates this prohibition. Specifically, such entities would be barred from assessing or collecting the six percent property assessment ratio for qualifying real property and would have their State Aid to Subdivisions Act distribution withheld by the Office of the State Treasurer until the offending regulation is repealed. This legislation is designed to ensure that short-term rentals are not restricted at the local level, thereby preempting any conflicting local regulations. The act will take effect upon approval by the Governor.

Statutes affected:
01/30/2025: 6-1-195
Latest Version: 6-1-195