S.207 – would allow seniors who move to a nursing home or residential care facility to retain the homestead property tax exemption for their homes, as long as they intend to return to their home eventually. Currently the tax assessment could be lost in that situation, as the owner must reside in the home. This bill would remove an undue and unanticipated burden on the elderly who otherwise qualify for this special property tax assessment.
S.207 – Seniors will keep homestead exemption during a stay at a nursing home
BySouth Carolina Policy Council
Jan 22, 2019
By South Carolina Policy Council
Since 1986 the South Carolina Policy Council Education Foundation has advocated innovative policy ideas that advance the principles of limited government and free enterprise. The Policy Council is the state’s meeting place for business leaders, policymakers, and academics – as well as engaged citizens – who want to see South Carolina become the most free state in the nation. For questions or comments on the articles on this website, please email Research Director Jamie Murguia.