Budget & Taxes

in committee · South Carolina · House Feb 6, 2025

H 3436: Taxation

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-525 SO AS TO ALLOW MARRIED TAXPAYERS WHO FILE A JOINT FEDERAL RETURN TO CALCULATE THEIR AMOUNT OF SOUTH CAROLINA INCOME TAX OWED FOR THE TAX YEAR AS THOUGH EACH TAXPAYER FILED A RETURN AS A SINGLE TAXPAYER IF THE TAXPAYERS' CUMULATIVE TAX OWED WOULD BE LESS THAN THE AMOUNT THEY WOULD OWE HAD THEY FILED A JOINT RETURN.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief by allowing married couples to calculate state tax as single filers if it reduces their liability, directly lowering tax burden for eligible taxpayers.90% confidence

Sub-Topics Income Tax

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in committee · South Carolina · House Jan 30, 2025

H 3865: Income tax deduction

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-1140, RELATING TO INCOME TAX DEDUCTIONS, SO AS TO PROVIDE A DEDUCTION FOR AMOUNTS EARNED BY AN INDIVIDUAL UNDER THE AGE OF EIGHTEEN; AND BY ADDING SECTION 12-6-4915 SO AS TO PROVIDE THAT AN INDIVIDUAL UNDER THE AGE OF EIGHTEEN IS NOT REQUIRED TO FILE AN INCOME TAX RETURN.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax deduction for under-18s, reducing taxable income and offering tax relief to young earners, aligning with fiscal accessibility for lower-income groups.95% confidence

Sub-Topics Income Tax

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in committee · South Carolina · House Mar 5, 2025

H 4138: 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 THAT LEGAL GUARDIANS OF MINOR OR DEPENDENT CHILDREN ARE ENTITLED TO A PROPERTY TAX EXEMPTION ON ONE PERSONAL MOTOR VEHICLE.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for guardians of minors, offering tax relief to lower-income families managing vehicle costs.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · South Carolina · House Apr 23, 2025

H 4395: NIL income tax deduction

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-1140, RELATING TO INCOME TAX DEDUCTIONS, SO AS TO PROVIDE AN INCOME TAX DEDUCTION FOR INCOME RECEIVED BY STUDENT ATHLETES FOR THE USE OF THEIR NAME, IMAGE, OR LIKENESS.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax deduction for student athletes' NIL income, providing targeted tax relief under tax policy.90% confidence

Sub-Topics Income Tax

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passed · South Carolina · House Apr 9, 2025

H 3869: 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 PROVIDE FOR A SALES TAX EXEMPTION FOR CERTAIN CLOTHING REQUIRED FOR USE IN PERISHABLE PREPARED FOOD MANUFACTURING FACILITIES.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides sales tax exemption for food manufacturing clothing, reducing business tax burden and aligning with tax relief indicators.85% confidence

Sub-Topics Sales Tax Tax Incentives

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in committee · South Carolina · House Jan 14, 2025

H 3328: Exceptional needs children's tax credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-3790, RELATING TO THE EDUCATIONAL CREDIT FOR EXCEPTIONAL NEEDS CHILDREN'S FUND, SO AS TO EXPAND THE DEFINITION OF "EXCEPTIONAL NEEDS CHILD" TO INCLUDE A CHILD WHO IS IN FOSTER CARE.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit eligibility for foster care children's education, providing tax relief under the tax code and funding educational support.95% confidence

Sub-Topics Tax Credits

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in committee · South Carolina · Senate Feb 4, 2025

S 306: Tuition Tax Credits

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3830 SO AS TO PROVIDE THAT A TAXPAYER WHOSE CHILD ATTENDS A QUALIFYING PRIVATE SCHOOL, PAROCHIAL SCHOOL, OR HOME SCHOOL FOR GRADES K-12 IS ENTITLED TO A TAX CREDIT.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for private/home school expenses, reducing taxable income for qualifying families, aligning with tax relief support for education costs.95% confidence ✗ EducationOpposes EducationProvides tax credits for private/parochial/home schooling, diverting public funds away from K-12 public education systems and reducing direct support for public schools.85% confidence

Sub-Topics Tax Credits Higher Education K-12 Education School Choice

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in committee · South Carolina · House May 1, 2025

H 4475: Nonprofit housing corporations

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 THAT THE EXEMPTION FOR CERTAIN PROPERTY OF A NONPROFIT HOUSING CORPORATION ONLY APPLIES TO THE PERCENTAGE OF PROPERTY THAT EQUALS THE CORPORATION'S OWNERSHIP INTEREST IN THE PROPERTY, TO PROVIDE AN EXCEPTION, AND TO PROVIDE CERTAIN CERTIFICATION AND NOTICE REQUIREMENTS.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill restricts property tax exemption scope for nonprofits to ownership percentage, ensuring accurate revenue collection and fiscal responsibility.85% confidence ✗ HousingOpposes HousingLimits tax exemption for nonprofit housing, reducing financial support for affordable housing development by restricting exemptions to ownership percentage only.85% confidence

Sub-Topics Property Tax Property Taxes

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vetoed · South Carolina · House Jun 4, 2025

H 4025: Appropriations Bill, 2025-2026

AN ACT TO MAKE APPROPRIATIONS AND TO PROVIDE REVENUES TO MEET THE ORDINARY EXPENSES OF STATE GOVERNMENT FOR THE FISCAL YEAR BEGINNING JULY 1, 2025, TO REGULATE THE EXPENDITURE OF SUCH FUNDS, AND TO FURTHER PROVIDE FOR THE OPERATION OF STATE GOVERNMENT DURING THIS FISCAL YEAR AND FOR OTHER PURPOSES. - ratified title

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates state funds for government operations via appropriations and revenue provisions, directly advancing fiscal management and budget execution without tax changes or cuts.95% confidence

Sub-Topics Appropriations Government Spending State Budget

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