South Carolina Code of Laws — Title 12 (Taxation)
S.C. Code Ann. § 12-37-280
Reimbursement of localities for tax loss due to homestead exemption
Official textscstatehouse.gov
# (A)
A county, municipality, school district, and special district in which a person who has reached the age of sixty-five years receives a homestead property tax exemption must be reimbursed for the exemption from the Trust Fund for Tax Relief. The reimbursement must be made by the department on an annual basis on the terms and subject to the conditions as it may prescribe.
# (B)
This section does not authorize property tax exemption other than as provided for by the laws and Constitution of this State.
Source: view the official text
In this chapter (40 sections)
- 12-37-150 · Tax rebate; boundary clarification
- 12-37-155 · Lien date; boundary clarification
- 12-37-210 · Property which is taxable
- 12-37-220 · General exemption from taxes
- 12-37-222 · Leased equipment used by charitable, not-for-profit or…
- 12-37-224 · Motor homes or trailers for recreational travel; boats or…
- 12-37-225 · Consideration of federal or state income tax credits for…
- 12-37-230 · Payments of services rendered in lieu of taxes by nonprofit…
- 12-37-235 · Fees for fire protection for property exempt under SECTION…
- 12-37-240 · Payments in lieu of taxes by nonprofit housing corporations…
- 12-37-245 · Homestead exemption allowance increased
- 12-37-250 · Homestead exemption for taxpayers sixty-five and over or…
- 12-37-251 · Calculation of rollback millage; equivalent millage
- 12-37-252 · Classification and assessment of property qualifying for…
- 12-37-255 · Homestead exemption to continue; county auditor to be…
- 12-37-260 · Exemption for holders of life estate; application of…
- 12-37-265 · Criteria for qualification of life estates for homestead…
- 12-37-266 · Homestead exemption for dwellings held in trust;…
- 12-37-270 · Reimbursement for tax loss in counties allowing homestead…
- 12-37-275 · Date for submission for requests for reimbursement
- 12-37-280 · Reimbursement of localities for tax loss due to homestead…
- 12-37-285 · Incorporated municipalities may provide for homestead…
- 12-37-290 · General homestead exemption
- 12-37-295 · Payment of taxes not condition to qualify for exemption
- 12-37-450 · Business inventory tax exemption; reimbursement of counties…
- 12-37-610 · Persons liable for taxes and assessments on real property;…
- 12-37-620 · Certain leasehold estates taxed until end of term; lease or…
- 12-37-670 · Listing new structures for taxation; due date of additional…
- 12-37-710 · Return and assessment of personal property
- 12-37-712 · Access to marina records and premises
- 12-37-714 · Boats with situs in State; boat or motor under contract for…
- 12-37-715 · Frequency of ad valorem taxation on personal property;…
- 12-37-717 · Repealed
- 12-37-720 · Persons who shall return property of ward, minor child…
- 12-37-730 · Persons liable for taxes on personal property held in trust…
- 12-37-735 · Transfer of personal property titled by state or federal…
- 12-37-740 · Property of others shall be listed and assessed separately;…
- 12-37-750 · Omitted or false returns; notice to taxpayer; assessment…
- 12-37-760 · Auditor shall make return of personal property when…
- 12-37-780 · Procedure in case of suspected evasion or false return of…