The bill H. 4598 proposes an amendment to Section 12-37-220 of the South Carolina Code of Laws, specifically regarding property tax exemptions. The amendment introduces a new exemption for one personal motor vehicle owned or leased by individuals who are sixty-five years of age or older as of December 31st. This addition aims to provide financial relief to senior citizens by exempting them from property taxes on a single vehicle.

The bill is currently residing in the House Committee on Ways and Means and will take effect upon approval by the Governor, applying to property tax years following 2025. This legislative change reflects an effort to support the aging population in South Carolina by easing their tax burdens related to vehicle ownership.

Statutes affected:
Latest Version: 12-37-220