Allows taxpayers to apply for a refund of overpaid property taxes for agricultural properties in South Carolina.
The bill amends South Carolina law to allow taxpayers to apply for a refund of property taxes overpaid because their property was eligible for the agricultural assessment ratio. It defines farm buildings and structures qualifying for the exemption, including those used for housing livestock, poultry, crops, farm equipment, or supplies. The property must meet specific requirements and receive the agricultural exemption. This act takes effect upon approval by the Governor.
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