Budget & Taxes

in committee · South Carolina · House Jan 30, 2025

H 3855: Sales tax exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-36-2120, RELATING TO SALES TAX EXEMPTIONS, SO AS TO EXEMPT SMALL ARMS AND SMALL ARMS AMMUNITION.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts small arms/ammo from sales tax, providing tax relief (reducing tax revenue), aligning with support indicator of tax relief.95% confidence

Sub-Topics Sales Tax Tax Incentives

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signed · South Carolina · House Apr 2, 2026

H 4216: Income tax

AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-510, RELATING TO INCOME TAX RATES FOR INDIVIDUALS, ESTATES, AND TRUSTS, SO AS TO REDUCE THE TOP MARGINAL INCOME TAX RATE TO 5.21 PERCENT, TO CREATE ANOTHER INCOME TAX BRACKET TO WHICH A 1.99 PERCENT RATE APPLIES, AND TO SET FORTH STANDARDS FOR ADDITIONAL REDUCTIONS; BY AMENDING SECTION 12-6-50, RELATING TO INTERNAL REVENUE CODE SECTIONS SPECIFICALLY NOT ADOPTED BY THE STATE, SO AS TO NOT ADOPT THE FEDERAL STANDARD DEDUCTION AND ITEMIZED DEDUCTION; BY AMENDING SECTION 12-6-1140, RELATING TO INCOME TAX DEDUCTIONS, SO AS TO ALLOW FOR A SOUTH CAROLINA INCOME ADJUSTED DEDUCTION (SCIAD); BY AMENDING SECTION 12-6-4910, RELATING TO PERSONS REQUIRED TO FILE A TAX RETURN, SO AS TO MAKE A CONFORMING CHANGE TO THE CALCULATION; BY AMENDING SECTION 12-6-1720, RELATING TO ADJUSTMENTS TO THE TAXABLE INCOME OF NONRESIDENT INDIVIDUALS, SO AS TO MAKE A CONFORMING CHANGE; AND BY AMENDING SECTION 12-6-3632, RELATING TO THE EARNED INCOME TAX CREDIT, SO AS TO ESTABLISH A MAXIMUM CREDIT AMOUNT. - RATIFIED TITLE

Topics ✓ Budget & TaxesSupports Budget & TaxesBill reduces individual income tax rate to flat 3.99% and eliminates federal deductions, providing tax relief per support indicators.95% confidence

Sub-Topics Business Taxes Income Tax Tax Credits

in committee · South Carolina · House Mar 6, 2025

H 4175: Police income tax exclusion

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-1125 SO AS TO EXCLUDE WAGES EARNED BY A LAW ENFORCEMENT OFFICER FROM THE CALCULATION OF SOUTH CAROLINA GROSS INCOME AND TO PROHIBIT THE WITHHOLDING OF TAXES ON SUCH WAGES.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill excludes police wages from taxable income, reducing state tax revenue and weakening fiscal management.90% confidence

Sub-Topics Income Tax

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in committee · South Carolina · House May 6, 2025

H 4517: Earmarks

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 11-1-130 SO AS TO PROVIDE THAT APPROPRIATIONS BILLS OR AMENDMENTS MAY NOT INCLUDE EARMARKED FUNDS DESIGNATED FOR SPECIFIC PROJECTS OR ENTITIES OUTSIDE THE CORE BUDGETARY PROCESS.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill restricts earmarks in appropriations, promoting centralized fiscal management and accountability in state budgeting process per its summary.95% confidence

Sub-Topics Appropriations

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passed · South Carolina · Senate Jan 14, 2026

S 318: Government Efficiency

A JOINT RESOLUTION SO AS TO ENACT THE "COMMISSION ON FISCAL RESTRAINT AND GOVERNMENT EFFICIENCY"; TO PROVIDE FOR THE MEMBERSHIP OF THE COMMISSION; TO PROVIDE FOR THE COMMISSION'S DUTIES AND OBLIGATIONS; TO PRIORITIZE SPENDING CUTS AND ESTABLISH A DATE THAT THE SPENDING CUTS MUST BE REPORTED TO THE GENERAL ASSEMBLY AND THE GOVERNOR; TO PROVIDE FOR THE REPORT ON THE COMMISSION'S OTHER DUTIES AND OBLIGATIONS; AND TO SUNSET THE COMMISSION.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill mandates spending cuts via Commission on Fiscal Restraint, promoting fiscal responsibility within budget management.95% confidence

Sub-Topics Government Spending State Budget

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in committee · South Carolina · Senate Jan 15, 2025

S 223: Homestead Exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-37-250, RELATING TO THE HOMESTEAD PROPERTY TAX EXEMPTION ALLOWED FOR PERSONS WHO ARE OVER THE AGE OF SIXTY-FIVE YEARS, DISABLED, OR LEGALLY BLIND, SO AS TO INCREASE THE EXEMPTION AMOUNT FROM THE FIRST FIFTY THOUSAND DOLLARS TO THE FIRST ONE HUNDRED THOUSAND DOLLARS OF THE FAIR MARKET VALUE OF THE HOMESTEAD; AND BY REPEALING SECTION 12-37-245 RELATING TO AN OBSOLETE REFERENCE TO THE HOMESTEAD EXEMPTION.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases property tax exemption for seniors/disabled, providing tax relief for lower-income homeowners, aligns with tax relief indicators under Budget & Taxes95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · South Carolina · House Jan 15, 2025

H 3565: Sales tax exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-36-2120, RELATING TO EXEMPTIONS FROM SALES TAX, SO AS TO PROVIDE FOR A SALES TAX EXEMPTION FOR BREAST PUMPS.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides sales tax exemption for breast pumps, offering tax relief on essential healthcare item, aligning with tax relief indicators.95% confidence

Sub-Topics Sales Tax Tax Incentives

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in committee · South Carolina · House Jan 14, 2025

H 3192: Special education teacher salaries

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 59-20-50, RELATING TO PUBLIC SCHOOL TEACHER SALARY SCHEDULES, SO AS TO PROVIDE EACH SCHOOL DISTRICT SHALL PAY EACH CERTIFIED SPECIAL EDUCATION TEACHER WHO IS TEACHING SPECIAL EDUCATION COURSES FULL-TIME IN THE DISTRICT AN ANNUAL SALARY OF AT LEAST FIFTY-TWO THOUSAND DOLLARS BEGINNING WITH THE 2026-2027 SCHOOL YEAR.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates minimum salary increase for special education teachers, requiring school districts to allocate additional budget resources for teacher compensation.90% confidence ✓ EducationSupports EducationMandates minimum $52k salary for special ed teachers, directly increasing educator compensation and supporting teacher retention in K-12 education.95% confidence

Sub-Topics Special Education Teachers

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in committee · South Carolina · House Jan 14, 2025

H 3464: Income tax credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "SMALL BUSINESS EMERGENCY PREPAREDNESS INCOME TAX CREDIT ACT" BY ADDING SECTION 12-6-3830 SO AS TO PROVIDE AN INCOME TAX CREDIT FOR A SMALL BUSINESS THAT PURCHASES A GENERATOR.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides income tax credit for small businesses purchasing generators, reducing tax burden and supporting business preparedness under tax policy.90% confidence

Sub-Topics Income Tax Tax Credits

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in committee · South Carolina · House Jan 16, 2025

H 3751: Taxation of digital assets

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-1120, RELATING TO MODIFICATIONS OF GROSS INCOME, SO AS TO EXCLUDE INCOME DERIVED FROM THE RECEIPT, SALE, EXCHANGE, OR OTHERWISE DISPOSAL OF DIGITAL ASSETS SUCH AS CRYPTOCURRENCY.

Topics ✗ Budget & TaxesOpposes Budget & TaxesExcludes digital asset income from taxation, reducing state tax revenue and weakening tax collection mechanisms.92% confidence ✓ TechnologySupports TechnologyExcludes digital asset income from taxation, reducing regulatory burden on crypto transactions and supporting innovation in digital assets.90% confidence

Sub-Topics Emerging Technology

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