South Carolina H3469 provides a property tax exemption for homeowners renting out accessory dwelling units to low-income tenants.

South Carolina H3469, the Accessory Dwelling Unit Affordable Housing Incentive Act, amends the state code to offer a property tax exemption for homeowners who rent out secondary housing units, known as accessory dwelling units (ADU), to individuals earning 80% or less of their county's Area Median Income (AMI). To qualify, homeowners must earn less than 250% of their county's AMI, comply with local zoning laws, and maintain the ADU as affordable housing for at least ten years. The exemption transfers to new owners if they honor the lease agreement.

South Carolina H3469 provides a property tax exemption for homeowners renting out accessory dwelling units to low-income tenants.

South Carolina H3469, the Accessory Dwelling Unit Affordable Housing Incentive Act, amends the state code to offer a property tax exemption for homeowners who rent out secondary housing units, known as accessory dwelling units (ADU), to individuals earning 80% or less of their county's Area Median Income (AMI). To qualify, homeowners must earn less than 250% of their county's AMI, comply with local zoning laws, and maintain the ADU as affordable housing for at least ten years. The exemption transfers to new owners if they honor the lease agreement.