Budget & Taxes

passed both · South Carolina · House May 14, 2026

H 5006: Taxes

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS SO AS TO ENACT THE "STATE OF SOUTH CAROLINA SMALL BUSINESS TAX CUT OF 2026"; BY AMENDING SECTION 12-37-220, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT THE FIRST TEN THOUSAND DOLLARS OF NET DEPRECIATED VALUE OF BUSINESS PERSONAL PROPERTY OWNED BY A SMALL BUSINESS; BY AMENDING SECTION 12-37-900, RELATING TO PROPERTY TAX RETURNS, SO AS TO PROVIDE THAT A TAXPAYER IS NOT REQUIRED TO RETURN BUSINESS PERSONAL PROPERTY FOR TAXATION IF THE TAXPAYER HAS LESS THAN TEN THOUSAND DOLLARS OF NET DEPRECIATED VALUE OF BUSINESS PERSONAL PROPERTY; BY ADDING SECTION 12-37-980 SO AS TO REQUIRE THAT ALL BUSINESS PERSONAL PROPERTY REQUIRED TO BE RETURNED FOR TAXATION TO BE RETURNED TO THE DEPARTMENT OF REVENUE; BY AMENDING SECTION 12-20-50, RELATING TO THE LICENSE TAX ON CORPORATIONS, SO AS TO PROVIDE THAT, UNDER CERTAIN CIRCUMSTANCES, THE FEE DOES NOT APPLY TO ANY PORTION OF THE FIRST FIFTY MILLION DOLLARS OF CERTAIN CAPITAL STOCK AND PAID-IN OR CAPITAL SURPLUS; AND BY AMENDING SECTION 33-44-409, RELATING TO STANDARDS OF CONDUCT OF A CORPORATE OFFICER, SO AS TO PROVIDE AN EXCEPTION TO REFRAINING FROM COMPETING.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates small business property tax exemption, reducing tax burden - clear tax relief for small businesses aligning with support indicators.95% confidence

Sub-Topics Business Taxes Property Tax

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in committee · South Carolina · House Jan 27, 2026

H 5014: Motor Vehicle 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 FOR CERTAIN PROPERTY TAX EXEMPTIONS FOR ONE PERSONAL MOTOR VEHICLE FOR INDIVIDUALS OVER SIXTY-FIVE YEARS OF AGE.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for seniors over 65, offering tax relief that aligns with support indicators for targeted tax relief.90% confidence

Sub-Topics Property Tax Tax Incentives

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passed · South Carolina · Senate Feb 24, 2026

S 768: Homestead exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-37-250, RELATING TO THE HOMESTEAD EXEMPTION, SO AS TO INCREASE THE EXEMPTION TO ONE HUNDRED THOUSAND DOLLARS AND TO REDUCE THE AGE ELIGIBILITY TO SIXTY; BY AMENDING SECTION 12-37-266, RELATING TO THE HOMESTEAD EXEMPTION, SO AS TO MAKE A CONFORMING CHANGE; BY AMENDING SECTION 12-37-280, RELATING TO THE HOMESTEAD EXEMPTION, SO AS TO MAKE A CONFORMING CHANGE; BY AMENDING SECTION 12-37-290, RELATING TO THE HOMESTEAD EXEMPTION, SO AS TO MAKE A CONFORMING CHANGE; BY AMENDING SECTION 12-37-220, RELATING TO GENERAL EXEMPTION FROM TAXES, SO AS TO MAKE A CONFORMING CHANGE; BY AMENDING SECTION 11-11-150, RELATING TO DEDUCTIONS FOR THE TRUST FUND FOR TAX RELIEF, SO AS TO MAKE A CONFORMING CHANGE; AND BY REPEALING SECTION 12-37-245 RELATING TO THE HOMESTEAD EXEMPTION.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases homestead exemption to $100k, reducing property tax burden for eligible homeowners - direct tax relief provision.95% confidence

Sub-Topics Property Tax

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in committee · South Carolina · House Jan 20, 2026

H 4812: Military Retirement Income Deduction

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-1171, RELATING TO THE MILITARY RETIREMENT INCOME DEDUCTION, SO AS TO INCLUDE A QUALIFIED RETIREMENT PLAN FOR AN OFFICER OF THE COMMISSIONED CORPS OF THE UNITED STATES PUBLIC HEALTH SERVICE AND THE COMMISSIONED CORPS OF THE NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION IN THE DEFINITION OF "RETIREMENT INCOME".

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax deduction eligibility for military retirees, providing tax relief through broader definition of deductible retirement income.90% confidence ✓ VeteransSupports VeteransBill expands military retirement income deduction eligibility to include Public Health Service and NOAA Corps officers, broadening benefits for federal service retirees who may qualify as veterans.95% confidence

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in committee · South Carolina · House Jan 13, 2026

H 4695: Save Our Property Act

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS SO AS TO ENACT THE "SAVE OUR PROPERTY ACT"; AND BY ADDING SECTION 12-45-440 SO AS TO AUTHORIZE AN ASSESSOR TO DEFER PROPERTY TAXES UNTIL THE NEXT YEAR ON CERTAIN RESIDENTIAL OR AGRICULTURAL PROPERTY IF AN APPLICANT'S INCOME IS LESS THAN A CERTAIN PERCENTAGE OF THE COUNTY MEDIAN INCOME.

Topics ✓ Budget & TaxesSupports Budget & TaxesDefers property taxes for low-income homeowners, providing direct tax relief per income threshold, aligning with tax relief indicators for middle/lower income.95% confidence ✓ HousingSupports HousingDefers property taxes for low-income homeowners, reducing housing costs and supporting affordability for residential property owners.85% confidence

Sub-Topics Property Tax Property Taxes

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in committee · South Carolina · House Apr 14, 2026

H 5011: Tenant Protection Act of 2026

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS SO AS TO ENACT THE "TENANT PROTECTION ACT OF 2026" BY ADDING SECTION 12-37-3137 SO AS TO PROVIDE A PROPERTY TAX EXEMPTION LIMITING THE INCREASE IN PROPERTY TAX VALUE FOLLOWING AN ASSESSABLE TRANSFER OF INTEREST.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates property tax exemption limiting post-transfer increases, providing tax relief and directly supporting tax policy within Budget & Taxes.90% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · South Carolina · House Jan 13, 2026

H 4690: 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 direct tax relief to vulnerable groups per bill's amendment to exemption amount.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · South Carolina · House Jan 21, 2026

H 4596: 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 CERTAIN INCREASES IN PROPERTY TAX ARE EXEMPT FOR INDIVIDUALS SIXTY-FIVE AND OLDER.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for seniors (65+) by exempting certain property tax increases, aligning with tax relief for lower-income groups.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · South Carolina · House Jan 21, 2026

H 4595: 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 FOR AN EXEMPTION FOR THE PRIMARY RESIDENCE OF CERTAIN INDIVIDUALS WHO ARE OVER SIXTY-FIVE OR ARE FULLY DISABLED VETERANS AND WHOSE PRIMARY RESIDENCE IS NOT ENCUMBERED WITH A MORTGAGE LIEN.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for seniors/disabled veterans, reducing tax burden on vulnerable groups - direct tax relief aligning with support indicators.95% confidence ✓ HousingSupports HousingExempts seniors/veterans from property tax on mortgage-free homes, reducing housing costs for vulnerable homeowners.85% confidence ✓ VeteransSupports VeteransBill provides property tax exemption for eligible veterans (over 65 or fully disabled) on primary residence, directly expanding financial benefits for veterans.95% confidence

Sub-Topics Property Tax Tax Incentives Mortgages Property Taxes

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in committee · South Carolina · Senate Jan 13, 2026

S 728: Tax Free Month

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 EXTEND TAX FREE WEEKEND TO THE ENTIRE MONTH OF AUGUST.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends sales tax exemption for entire August, providing direct tax relief to consumers per bill's explicit language.95% confidence

Sub-Topics Sales Tax

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