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S 151 South Carolina Senate · 2025-2026 Regular Session

Small Business Property Tax Relief

Summary
A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-37-221 SO AS TO PROVIDE THAT THE FIRST THIRTY THOUSAND DOLLARS OF THE FAIR MARKET VALUE OF A SMALL BUSINESS IS EXEMPT FROM COUNTY, MUNICIPAL, SCHOOL, AND SPECIAL ASSESSMENT REAL ESTATE PROPERTY TAXES.
Issues: ✓ Budget & TaxesSupports Budget & TaxesExempts small business property tax on first $30k, reducing tax burden and supporting fiscal management for small businesses.95% confidence ✗ EducationOpposes EducationBill exempts small business property from school taxes, reducing school funding revenue. Directly cuts a key education revenue source per tax exemption language.90% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 14, 2025 Last action Jan 14, 2025
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
4
Key actions
0
Committee
2
Jan 14, 2025
Committee
Referred to Committee on Finance
upper
Jan 14, 2025
Introduced
Introduced and read first time
upper
Dec 11, 2024
Committee
Referred to Committee on Finance
upper
2 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Carlisle Kennedy
Carlisle Kennedy
RRepublican
SC
23
P
Photo of Matt Leber
Matt Leber
RRepublican
SC
41