Exempts transfers among related descendants from property tax assessment for heirs' property.

The bill amends the South Carolina Code to exclude transfers made among related descendants who have a legal claim to heirs' property from being assessed for property tax. This applies to transfers where both the grantor and grantee owned an interest in the property prior to the transfer. The change takes effect after approval by the Governor.

Exempts transfers among related descendants from property tax assessment for heirs' property.

The bill amends the South Carolina Code to exclude transfers made among related descendants who have a legal claim to heirs' property from being assessed for property tax. This applies to transfers where both the grantor and grantee owned an interest in the property prior to the transfer. The change takes effect after approval by the Governor.