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Subcommittee refers heirs-property tax bill to Ways and Means after fiscal-office note
Summary
House Bill 40-71, which would prevent certain heirs' property transfers from triggering property tax reassessments, was removed from debate in subcommittee and referred to the Ways and Means Committee after the state's fiscal staff said the bill amends the Real Property Valuation Reform Act and should go to Ways and Means.
The Domestic Relations, Business and Probate Law Subcommittee moved to adjourn debate on House Bill 40-71 and referred the measure to the Ways and Means Committee after the South Carolina Revenue and Fiscal Affairs fiscal staff advised that the bill, which amends the Real Property Valuation Reform Act within the tax code, should…
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