Budget & Taxes (Small Business)

in committee · South Carolina · Senate Feb 4, 2026

S 890: Small Business Property Tax Relief

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-37-221 SO AS TO CREATE A TEN THOUSAND DOLLAR PROPERTY TAX CREDIT FOR SMALL BUSINESSES.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $10,000 property tax credit for small businesses, directly reducing tax burden per bill summary.95% confidence

Sub-Topics Business Taxes Property Tax Tax Incentives Tags Small Business

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in committee · South Carolina · House Jan 13, 2026

H 4619: Small Business Sales Tax Exemption

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 PROVIDE A SALES TAX EXEMPTION FOR CERTAIN SALES FROM A SMALL BUSINESS.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides sales tax exemption for small businesses, reducing their tax burden and aligning with tax relief indicators under Budget & Taxes policy.95% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives Tags Small Business

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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 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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