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H 3737 South Carolina House · 2025-2026 Regular Session

South Carolina Affordable Housing Tax-Exempt REIT Act

Summary
A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "SOUTH CAROLINA AFFORDABLE HOUSING TAX-EXEMPT REIT ACT" BY ADDING CHAPTER 25 TO TITLE 31 SO AS TO ESTABLISH A TAX-EXEMPT REAL ESTATE INVESTMENT TRUST (REIT) TO INCREASE THE SUPPLY OF AFFORDABLE HOUSING STATEWIDE.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCreates tax-exempt REIT structure to incentivize affordable housing development, aligning with fiscal support for public housing programs through targeted tax policy.90% confidence ✓ HousingSupports HousingBill establishes tax-exempt REIT to increase affordable housing supply statewide, directly advancing the topic per its title and summary.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 15, 2025 Last action Jan 15, 2025
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jan 15, 2025
Committee
Referred to Committee on Ways and Means
lower
Jan 15, 2025
Introduced
Introduced and read first time
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Wendell Jones
Wendell Jones
DDemocratic
SC
25