Amends property tax exemptions for nonprofit housing corporations in South Carolina.

This bill amends the South Carolina Code to modify property tax exemptions for nonprofit housing corporations. It specifies that the exemption applies to property providing below-cost housing for the aged or handicapped, supportive housing for elderly persons, rental or cooperative housing for low or moderate income families, and housing for low or very low income residents. The exemption must be proportionate to the corporation's ownership interest, with certain exceptions.

Amends property tax exemptions for nonprofit housing corporations in South Carolina.

This bill amends the South Carolina Code to modify property tax exemptions for nonprofit housing corporations. It specifies that the exemption applies to property providing below-cost housing for the aged or handicapped, supportive housing for elderly persons, rental or cooperative housing for low or moderate income families, and housing for low or very low income residents. The exemption must be proportionate to the corporation's ownership interest, with certain exceptions.