Property tax exemption for veterans with service-connected disabilities in South Carolina.

This bill amends the South Carolina Code to provide a property tax exemption for the fair market value of owner-occupied residential property owned by veterans with a service-connected disability. The exemption percentage matches the veteran's disability percentage, provided it is at least ten percent. The Department of Revenue may adopt rules to administer this exemption. The act takes effect upon approval by the Governor and applies to property tax years beginning after 2025.

Property tax exemption for veterans with service-connected disabilities in South Carolina.

This bill amends the South Carolina Code to provide a property tax exemption for the fair market value of owner-occupied residential property owned by veterans with a service-connected disability. The exemption percentage matches the veteran's disability percentage, provided it is at least ten percent. The Department of Revenue may adopt rules to administer this exemption. The act takes effect upon approval by the Governor and applies to property tax years beginning after 2025.