South Carolina S0317 proposes a 50% property tax exemption on watercraft fair market value.
South Carolina S0317 amends the state's property tax code to provide a 50% exemption on the fair market value of watercraft. This change applies to property tax years beginning after 2026, effective January 1, 2026. The bill modifies Section 12-37-220(B) of the South Carolina Code to include this new exemption.
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