Budget & Taxes

in committee · South Carolina · Senate Jan 14, 2025

S 151: Small Business Property Tax Relief

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.

Topics ✓ 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

Sub-Topics Business Taxes Property Tax Tax Incentives Testing & Assessment Tags Small Business

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in committee · South Carolina · House Jan 14, 2025

H 3376: Education Capital Improvements Sales and Use Tax

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY REPEALING SECTION 4-10-470 RELATING TO COUNTIES IN WHICH THE EDUCATION CAPITAL IMPROVEMENTS SALES AND USE TAX MAY BE IMPOSED.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRepealing tax authorization removes funding source for education capital projects, defunding essential improvements.95% confidence

Sub-Topics Sales Tax

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in committee · South Carolina · House Jan 14, 2025

H 3410: Property tax exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-37-220, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO PROVIDE A PROPERTY TAX EXEMPTION FOR TWO PRIVATE PASSENGER VEHICLES OWNED OR LEASED BY ANY PERMANENTLY AND TOTALLY DISABLED FORMER LAW ENFORCEMENT OFFICER, FORMER EMERGENCY MEDICAL TECHNICIAN, OR FORMER FIREFIGHTER.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax exemption for disabled former first responders, reducing their tax burden and providing targeted tax relief.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · South Carolina · House Jan 15, 2025

H 3742: 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 SEVENTY-FIVE 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 homestead exemption from $50k to $75k, providing direct property tax relief to seniors/disabled/blind homeowners, aligning with tax relief indicators for lower-income groups.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · South Carolina · House Jan 14, 2025

H 3297: Charter Schools

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 59-40-250 SO AS TO PROVIDE FOR ADDITIONAL PER PUPIL FUNDING FOR CHARTER SCHOOLS WITH A CERTAIN POVERTY INDEX OR LOCATED IN A CERTAIN COUNTY.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates additional per-pupil funding for charter schools, increasing state spending on education through budget appropriations.95% confidence ✓ EducationSupports EducationBill provides additional per-pupil funding for charter schools in high-poverty areas or specific counties, directly increasing educational funding for targeted schools.95% confidence

Sub-Topics School Funding

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in committee · South Carolina · House Jan 14, 2025

H 3540: Income tax credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3690 SO AS TO ALLOW AN INCOME TAX CREDIT TO A TAXPAYER THAT OPERATES A SCHOOL TO WORK PROGRAM WHICH LINKS STUDENTS AND SCHOOLS WITH THE WORKPLACE, TO PROVIDE REQUIREMENTS FOR THE PROGRAM, AND TO SPECIFY THE AMOUNT OF THE CREDIT.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit for school-to-work programs, reducing tax liability for eligible taxpayers, aligning with tax relief indicators.95% confidence ✓ EducationSupports EducationTax credit provides financial incentive for schools to develop workplace-linked student programs, directly funding educational initiatives and expanding student opportunities.85% confidence

Sub-Topics Income Tax Tax Credits

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in committee · South Carolina · House Jan 28, 2026

H 3832: Film incentives

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-62-50, RELATING TO THE TAX REBATE FOR CERTAIN MOTION PICTURE PRODUCTION COMPANIES, SO AS TO INCREASE THE ANNUAL LIMIT, AND BY ALLOWING THE USE OF REBATES FOR CERTAIN EXPENDITURES AND EXPENSES; BY REPEALING SECTION 12-62-60 RELATING TO DISTRIBUTION OF ADMISSIONS TAXES FOR REBATES TO MOTION PICTURE PRODUCTION COMPANIES AND CERTAIN DEPARTMENTAL EXPENSES; AND BY ADDING SECTION 12-6-3830 SO AS TO PROVIDE A TAX CREDIT FOR AN ACCREDITED THEATER PRODUCTION.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases tax rebates and adds tax credits for film companies, providing direct fiscal incentives that reduce business tax liability under tax policy.95% confidence

Sub-Topics Tax Credits Tax Incentives

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passed · South Carolina · House Apr 30, 2026

H 3371: Admissions tax exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-21-2420, RELATING TO ADMISSIONS TAX, SO AS TO EXEMPT ADMISSIONS CHARGED BY CERTAIN NONPROFIT BUSINESS LEAGUES AND CHAMBERS OF COMMERCE.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts nonprofits from admissions tax, providing direct tax relief aligning with support indicators for tax policy.90% confidence

Sub-Topics Tax Incentives

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passed · South Carolina · Senate Apr 2, 2026

S 682: Timber

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3830 SO AS TO ALLOW AN INCOME TAX CREDIT FOR A TIMBER CASUALTY LOSS IN A FEDERALLY DECLARED DISASTER AREA RESULTING FROM HURRICANE HELENE; AND BY AMENDING SECTION 12-6-1140, RELATING TO DEDUCTIONS FROM INDIVIDUAL TAXABLE INCOME, SO AS TO ALLOW A DEDUCTION FOR PAYMENTS RECEIVED FROM CERTAIN DISASTER RELIEF AGENCIES RESULTING FROM HURRICANE HELENE.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief via income tax credit/deduction for disaster victims, reducing taxable income and advancing fiscal relief in disaster areas.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · South Carolina · House Feb 19, 2025

H 4060: Property tax exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-37-220, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT FORTY-TWO AND THREE QUARTERS PERCENT OF THE NET DEPRECIATED VALUE OF BUSINESS PERSONAL PROPERTY.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts 42.75% of business property tax, reducing tax burden for businesses, aligning with tax relief under Budget & Taxes.95% confidence

Sub-Topics Business Taxes Property Tax Tax Incentives

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