South Carolina proposes 50% property tax exemption for boats to boost marine economy.

A South Carolina bill, S.317, proposed by State Sen. Stephen Goldfinch, seeks to provide a 50% property tax exemption on the fair market value of boats, effective January 1, 2026. The legislation aims to make boat ownership more accessible and support the state's marine businesses and economy. The bill is set for discussion in the Senate Finance Property Tax Subcommittee.

2 months ago
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