The "Heirs' Property Tax Relief Act" aims to amend the South Carolina Code of Laws by modifying Section 12-37-3150, which pertains to the assessment of property transfers. The bill specifically seeks to exclude transfers made among family members that are intended to clear the title of heirs' property. This change is designed to facilitate the process for related descendants who have a legal claim to such property, ensuring that both the grantor and grantee had an interest in the property prior to the transfer.

The proposed amendment adds a new provision to the existing law, allowing for these specific family transfers without triggering an assessable transfer of interest. The act will take effect upon approval by the Governor and will apply to property tax years beginning after 2024.

Statutes affected:
05/01/2025: 12-37-3150
Latest Version: 12-37-3150