Budget & Taxes (Tax Credits)

in committee · South Carolina · House Jan 16, 2025

H 3492: Earned income tax credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-3632, RELATING TO EARNED INCOME TAX CREDIT, SO AS TO PROVIDE THAT A PORTION OF THE CREDIT IS REFUNDABLE.

Topics ✓ Budget & TaxesSupports Budget & TaxesMakes EITC portion refundable, providing tax relief for low-income earners through expanded refundable credit.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · South Carolina · House Jan 21, 2026

H 3409: Conservation tax credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-3515, RELATING TO THE INCOME TAX CREDIT FOR CONSERVATION OR QUALIFIED CONSERVATION CONTRIBUTION OF REAL PROPERTY, SO AS TO INCREASE THE AMOUNT OF THE CREDIT ALLOWED.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit for conservation contributions, reducing taxable income for qualifying property owners, aligning with tax relief support.90% confidence ✓ EnvironmentSupports EnvironmentIncreases tax credit for conservation contributions, incentivizing environmental protection through financial incentives for real property conservation.95% confidence

Sub-Topics Income Tax Tax Credits Conservation

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in committee · South Carolina · House Feb 13, 2025

H 4015: Childcare

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-3440, RELATING TO THE TAX CREDIT FOR EMPLOYEE CHILDCARE PROGRAMS, SO AS TO INCREASE THE MAXIMUM CREDIT AND TO ALLOW THE CREDIT TO BE APPLIED AGAINST OTHER TAXES; AND BY ADDING SECTION 12-6-3595 SO AS TO ALLOW A TAX CREDIT FOR INDIVIDUAL TAXPAYERS THAT ARE EMPLOYED FULL TIME AS A CHILDCARE DIRECTOR OR CHILDCARE STAFF PERSON.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credits for childcare programs and adds credits for childcare staff, providing tax relief to middle-income workers and supporting childcare access.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentIncreases tax credits for employer childcare programs and adds credit for childcare staff, supporting workforce participation and employment benefits in childcare sector.85% confidence

Sub-Topics Tax Credits

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in committee · South Carolina · Senate Jan 14, 2025

S 108: Income tax credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "TAX CREDITS FOR PARENTAL CHOICE IN EDUCATION ACT" BY ADDING SECTION 12-6-3830 SO AS TO PROVIDE FOR AN INCOME TAX CREDIT FOR AN INDIVIDUAL WHO CHOOSES TO EDUCATE HIS CHILD OUTSIDE THE PUBLIC SCHOOL SYSTEM.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides income tax credit for education choice, directly reducing tax burden as tax relief under taxation policy.85% confidence ✗ EducationOpposes EducationBill provides tax credits for education outside public schools, directly promoting alternatives to public K-12 systems and reducing reliance on public education funding.90% confidence

Sub-Topics Income Tax Tax Credits School Choice

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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 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 14, 2025

H 3493: Tax credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3805 SO AS TO PROVIDE A TAX CREDIT FOR A TAXPAYER THAT CONTRACTS WITH A SMALL BUSINESS WHICH NECESSITATES THE SMALL BUSINESS HIRING ADDITIONAL FULL-TIME EMPLOYEES.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax credit for taxpayers contracting with small businesses that hire additional employees, providing direct tax relief to encourage job growth and small business hiring.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credit to incentivize small business hiring of full-time employees, directly advancing employment opportunities without restricting labor protections.85% confidence

Sub-Topics Tax Credits Tags Small Business

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in committee · South Carolina · Senate Jan 21, 2025

S 252: Income tax credit for conservation

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-3515, RELATING TO THE STATE INCOME TAX CREDIT FOR CONSERVATION OR A QUALIFIED CONSERVATION CONTRIBUTION OF REAL PROPERTY, SO AS TO PROVIDE THAT THE CREDIT EQUALS TWENTY-FIVE PERCENT OF THE TOTAL VALUE OF THE GIFT RATHER THAN TWENTY-FIVE PERCENT OF THE CHARITABLE DEDUCTION FOR THE GIFT ALLOWED ON THE TAXPAYER'S FEDERAL INCOME TAX RETURN, TO INCREASE THE MAXIMUM ANNUAL CREDIT ALLOWED A TAXPAYER FROM FIFTY-TWO THOUSAND FIVE HUNDRED DOLLARS TO ONE HUNDRED FIFTY THOUSAND DOLLARS, TO ADJUST THE MAXIMUM ANNUAL CREDIT FOR INCREASES IN THE CONSUMER PRICE INDEX, AND TO DELETE OBSOLETE PROVISIONS.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit for conservation by raising maximum annual credit, expanding tax relief for taxpayers through higher credit amount.95% confidence ✓ EnvironmentSupports EnvironmentBill provides tax credit for conservation donations, incentivizing land preservation and environmental protection through increased financial incentives for conservation contributions.95% confidence

Sub-Topics Income Tax Tax Credits Conservation

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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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