Budget & Taxes (Tax Incentives)

in committee · South Carolina · House Jan 14, 2025

H 3380: 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 SET THE EXEMPTION AMOUNT AS THE GREATER OF THE FIRST FIFTY THOUSAND DOLLARS OR THE FIRST THIRTY-THREE PERCENT 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 by raising the exemption amount, providing direct tax relief to vulnerable residents.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · South Carolina · House Feb 12, 2026

H 3511: 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 homestead tax exemption from $50k to $100k, providing property tax relief for seniors/disabled, aligning with tax relief for lower-income groups.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · South Carolina · Senate May 6, 2025

S 654: 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 CERTAIN ITEMS SOLD TO INTERNET ACCESS SERVICE PROVIDERS AND COMMUNICATIONS SERVICE PROVIDERS.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill creates sales tax exemption for providers, reducing state tax revenue and weakening fiscal management without explicit budgetary benefits.95% confidence

Sub-Topics Sales Tax Tax Incentives

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in committee · South Carolina · House Jan 14, 2025

H 3427: 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 homestead exemption from $50k to $100k, providing property tax relief for seniors/disabled - direct tax reduction for vulnerable groups.95% confidence ✓ HousingSupports HousingIncreases homestead tax exemption for seniors/disabled, reducing housing costs and supporting affordability for eligible homeowners.90% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes

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in committee · South Carolina · House Jan 14, 2025

H 3424: Property tax relief for seniors

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "SOUTH CAROLINA PROPERTY TAX RELIEF FOR SENIORS ACT"; BY AMENDING SECTION 12-37-250, RELATING TO 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 MILLION DOLLARS OF THE FAIR MARKET VALUE OF THE HOMESTEAD; AND BY ADDING ARTICLE 12 TO CHAPTER 36, TITLE 12 SO AS TO PROVIDE FOR AN ADDITIONAL SALES, USE, AND CASUAL EXCISE TAX.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases property tax exemption for seniors from $50k to $1M, providing direct tax relief to lower-income seniors and reducing state tax revenue, aligning with tax relief indicators.95% confidence

Sub-Topics Property Tax Sales Tax Tax Incentives

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in committee · South Carolina · House Feb 11, 2025

H 3951: Tenant Protection Act of 2025

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS SO AS TO ENACT THE "TENANT PROTECTION ACT OF 2025" 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 WHEN THE PROPERTY WILL BE SUBJECT TO A CERTAIN SIX PERCENT ASSESSMENT RATIO.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates property tax exemption limiting post-transfer tax increases, providing direct tax relief for property owners subject to assessment ratio changes.95% confidence ✓ HousingSupports HousingBill titled 'Tenant Protection Act' limits property tax increases after transfers, preventing rent hikes and protecting tenants per title and mechanism. Aligns with tenant protection indicators.90% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes Tenant Rights

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in committee · South Carolina · House Mar 27, 2025

H 4245: Workforce Advancement and Taxpayer Reinvestment Act

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "SOUTH CAROLINA WORKFORCE ADVANCEMENT AND TAXPAYER REINVESTMENT ACT" BY ADDING ARTICLE 43 TO CHAPTER 6, TITLE 12 SO AS TO PROVIDE TAX RELIEF FOR SOUTH CAROLINIANS WHO TRANSITION FROM GOVERNMENT ASSISTANCE TO SELF-SUFFICIENCY THROUGH EDUCATION AND EMPLOYMENT AND TO INCENTIVIZE BUSINESSES THAT HIRE AND RETAIN THESE INDIVIDUALS, REINFORCING A FREE-MARKET APPROACH TO ECONOMIC MOBILITY AND REDUCING LONG-TERM GOVERNMENT DEPENDENCE.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for low-income individuals exiting government assistance, directly supporting middle/lower income tax policies per bill summary.95% confidence

Sub-Topics Tax Incentives

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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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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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