South Carolina bill amends property tax laws, including millage rate increases and exemptions.

The bill amends South Carolina's property tax laws by modifying the millage rate increase limits for general operating purposes of local governing bodies. It allows for a millage rate increase above the previous year's rate if certain conditions are met, such as a deficiency from the previous year, a catastrophic event, or compliance with a court order. The bill also addresses the calculation of the base-year millage for school-operating purposes and the conditions under which school districts can receive tax relief.

South Carolina bill amends property tax laws, including millage rate increases and exemptions.

The bill amends South Carolina's property tax laws by modifying the millage rate increase limits for general operating purposes of local governing bodies. It allows for a millage rate increase above the previous year's rate if certain conditions are met, such as a deficiency from the previous year, a catastrophic event, or compliance with a court order. The bill also addresses the calculation of the base-year millage for school-operating purposes and the conditions under which school districts can receive tax relief.