Budget & Taxes

signed · South Carolina · Senate Jun 2, 2026

S 32: Pregnancy Resource Act

AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS SO AS TO ENACT THE "PREGNANCY RESOURCE ACT" BY ADDING SECTION 12-6-3383 SO AS TO PROVIDE FOR A TAX CREDIT FOR VOLUNTARY CASH CONTRIBUTIONS MADE TO CERTAIN PREGNANCY RESOURCE ORGANIZATIONS AND TO PROVIDE GUIDELINES FOR THE CREDIT. - RATIFIED TITLE

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for voluntary contributions to pregnancy centers, reducing contributors' tax liability and incentivizing private donations through fiscal policy.90% confidence

Sub-Topics Tax Credits

in committee · South Carolina · House Mar 6, 2025

H 4167: Income tax deduction

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-1140, RELATING TO INCOME TAX DEDUCTIONS, SO AS TO ALLOW A DEDUCTION OF MEDICAL EXPENSES INCURRRED ON BEHALF OF ANOTHER PERSON FOR THE TREATMENT OR CARE FOR DEMENTIA.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax deductions for dementia care medical expenses, providing tax relief under income tax code.95% confidence ✓ HealthcareSupports HealthcareAllows tax deduction for dementia care medical expenses, reducing financial burden on families seeking healthcare services.90% confidence

Sub-Topics Income Tax

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in committee · South Carolina · House Jan 14, 2025

H 3337: Aging with Dignity Tax Credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "AGING WITH DIGNITY ACT" BY ADDING SECTION 12-6-3830 SO AS TO PROVIDE FOR AN INCOME TAX CREDIT FOR A TAXPAYER WHO IS CARING FOR A SENIOR FAMILY MEMBER.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides income tax credit for caregivers, reducing tax burden for middle-income taxpayers - direct tax relief under Budget & Taxes policy.90% confidence

Sub-Topics Income Tax Tax Credits

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in committee · South Carolina · Senate Jan 14, 2025

S 50: Academic Choice in Education (ACE)

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING ARTICLE 42 TO CHAPTER 6, TITLE 12 SO AS TO ALLOW AN INCOME TAX CREDIT FOR CONTRIBUTIONS TO A SCHOLARSHIP FUNDING ORGANIZATION THAT PROVIDES GRANTS FOR STUDENTS TO ATTEND CERTAIN INDEPENDENT AND HOME SCHOOLS, TO SPECIFY THE MANNER IN WHICH THE CREDIT IS CLAIMED, TO SPECIFY THE PROCESS BY WHICH CERTAIN ORGANIZATIONS AND SCHOOLS BECOME ELIGIBLE, TO SPECIFY CERTAIN INFORMATION WHICH MUST BE MADE PUBLIC, AND TO ALLOW THE STATE TREASURER AND DEPARTMENT OF REVENUE TO ENFORCE THE PROVISIONS OF THE CREDIT; AND BY REPEALING SECTION 12-6-3790 RELATING TO EDUCATIONAL CREDIT FOR EXCEPTIONAL NEEDS CHILDREN'S FUND.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates income tax credit for education donations, reducing taxable income and providing tax relief per its explicit tax policy provisions.95% confidence ✓ EducationSupports EducationBill creates tax credits for scholarship funds enabling K-12 students to attend private/home schools, expanding educational access through school choice programs.95% confidence

Sub-Topics Income Tax Tax Credits School Choice Student Financial Aid

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in committee · South Carolina · Senate Apr 1, 2025

S 519: Cigarettes for heating

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-21-620, RELATING TO TAX RATES ON PRODUCTS CONTAINING TOBACCO, SO AS TO TAX CIGARETTES FOR HEATING ONE AND ONE-QUARTER MILLS ON EACH CIGARETTE.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tobacco tax revenue by 1.25 mills per cigarette, directly generating state budget funds through taxation.95% confidence

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in committee · South Carolina · House Jan 14, 2025

H 3359: Admissions tax exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-21-2420, RELATING TO EXEMPTIONS FROM THE ADMISSIONS TAX, SO AS TO EXEMPT ADMISSION TO ANY AGROTOURISM ACTIVITY.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts agritourism admissions from tax, providing direct tax relief per bill summary.90% confidence

Sub-Topics Tax Incentives

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in committee · South Carolina · House Jan 14, 2025

H 3420: Providing Academic Choice in Education (PACE)

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3791 SO AS TO ALLOW AN INCOME TAX CREDIT FOR CONTRIBUTIONS TO A SCHOLARSHIP FUNDING ORGANIZATION THAT PROVIDES GRANTS FOR STUDENTS TO ATTEND CERTAIN INDEPENDENT AND HOME SCHOOLS, TO SPECIFY THE MANNER IN WHICH THE CREDIT IS CLAIMED, TO SPECIFY THE PROCESS BY WHICH CERTAIN ORGANIZATIONS AND SCHOOLS BECOME ELIGIBLE, TO SPECIFY CERTAIN INFORMATION WHICH MUST BE MADE PUBLIC, AND TO ALLOW THE STATE TREASURER AND DEPARTMENT OF REVENUE TO ENFORCE THE PROVISIONS OF THE CREDIT; AND BY REPEALING SECTION 12-6-3790 RELATING TO THE EDUCATIONAL CREDIT FOR EXCEPTIONAL NEEDS CHILDREN'S FUND.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates income tax credit for education donations, directly impacting tax policy and state revenue through tax relief.95% confidence ✓ EducationSupports EducationCreates income tax credits for private school scholarships, expanding educational access options for students under K-12 education.92% confidence

Sub-Topics Income Tax Tax Credits School Choice Student Financial Aid

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in committee · South Carolina · House Feb 13, 2025

H 4008: Impact fee

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 6-1-175 SO AS TO AUTHORIZE THE GOVERNING BODY OF A COUNTY OR MUNICIPALITY TO IMPOSE A ONE-TIME IMPACT FEE ON PRIVATE DEVELOPERS FOR EACH NEW RESIDENTIAL AND COMMERCIAL UNIT CONSTRUCTED BY THE DEVELOPER WITHIN THE COUNTY OR MUNICIPALITY, TO PROVIDE THAT THE FUNDS MAY BE USED ONLY TO FUND THE SOUTH CAROLINA GENTRIFICATION TRUST FUND, AND TO PROVIDE THAT DEVELOPERS WHO DEDICATE AT LEAST FIFTEEN PERCENT OF THE HOUSING DEVELOPMENT TO LOW-INCOME HOUSING ARE EXEMPT FROM THE IMPACT FEE; BY ADDING SECTION 11-11-250 SO AS TO CREATE THE "SOUTH CAROLINA GENTRIFICATION TRUST FUND" TO PROVIDE FINANCIAL ASSISTANCE FOR RELOCATION TO LOW-INCOME AND FIXED-INCOME INDIVIDUALS, CHURCHES, AND GROUPS ADVERSELY IMPACTED AND DISPLACED BY GENTRIFICATION, AND TO PROVIDE THAT EACH YEAR THE GENERAL ASSEMBLY SHALL APPROPRIATE FIVE MILLION DOLLARS; AND BY AMENDING SECTION 12-6-5060, RELATING TO VOLUNTARY CONTRIBUTIONS MADE BY INDIVIDUALS BY MEANS OF THE INCOME TAX RETURN CHECK OFF, SO AS TO ADD THE "SOUTH CAROLINA GENTRIFICATION TRUST FUND."

Topics ✓ Budget & TaxesSupports Budget & TaxesBill mandates impact fees on developers to fund South Carolina Gentrification Trust Fund, directly advancing fiscal management for housing programs.90% confidence ✓ HousingSupports HousingMandates 15% affordable housing in new developments and funds housing trust (despite confusing 'Gentrification' name).85% confidence

Sub-Topics Fees & Licensing Income Tax Affordable Housing Property Development

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passed · South Carolina · House Apr 23, 2025

H 4134: High Growth Small Business Job Creation Act extension

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING ACT 80 OF 2013, RELATING TO THE "HIGH GROWTH SMALL BUSINESS JOB CREATION ACT," SO AS TO AUTHORIZE THE EXTENSION FOR AN ADDITIONAL TEN YEARS; AND BY AMENDING SECTION 11-44-10, RELATING TO THE CITATION OF THE ACT, SO AS TO RENAME THE ACT THE "HIGH GROWTH SMALL BUSINESS JOB CREATION ACT OF 2013 - ANGEL INVESTOR TAX CREDIT ACT."

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends angel investor tax credit, providing tax relief for small business investments under fiscal incentive program95% confidence

Sub-Topics Tax Credits

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in committee · South Carolina · House Jan 14, 2025

H 3358: 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 EXEMPT THE FIRST TEN THOUSAND DOLLARS OF NET DEPRECIATED VALUE OF BUSINESS PERSONAL PROPERTY; AND 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.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts small businesses from property tax on first $10k of business personal property, providing tax relief for low-value business assets.90% confidence

Sub-Topics Property Tax Tax Incentives

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