Budget & Taxes

passed · South Carolina · Senate Mar 5, 2025

S 125: 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 THE EXEMPTION FOR CERTAIN PROPERTY OF A NONPROFIT HOUSING CORPORATION ONLY APPLIES TO THE PERCENTAGE OF PROPERTY THAT EQUALS THE CORPORATION'S OWNERSHIP INTEREST IN THE PROPERTY, TO PROVIDE AN EXCEPTION, AND TO PROVIDE CERTAIN CERTIFICATION AND NOTICE REQUIREMENTS.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill narrows property tax exemption for nonprofits to ownership percentage, increasing state revenue by closing a potential loophole in tax policy.85% confidence ✗ HousingOpposes HousingBill restricts tax exemptions for nonprofit housing corporations to their ownership percentage, reducing financial support for affordable housing providers by limiting tax benefits.85% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes

Track

in committee · South Carolina · House Jan 14, 2025

H 3364: Sales tax exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-36-2120, RELATING TO THE SALES TAX EXEMPTION ON FARM MACHINERY, SO AS TO PROVIDE THAT ALL-TERRAIN VEHICLES AND UTILITY TERRAIN VEHICLES ARE NOT CONSIDERED AUTOMOBILES OR TRUCKS AND QUALIFY FOR THE EXEMPTION IF USED FOR QUALIFYING PURPOSES.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands sales tax exemption for farm machinery, providing tax relief to agricultural users by excluding ATVs/UTVs from taxable vehicles.95% confidence

Sub-Topics Sales Tax Tax Incentives

Track

in committee · South Carolina · House Jan 16, 2025

H 3492: Earned income tax credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-3632, RELATING TO EARNED INCOME TAX CREDIT, SO AS TO PROVIDE THAT A PORTION OF THE CREDIT IS REFUNDABLE.

Topics ✓ Budget & TaxesSupports Budget & TaxesMakes EITC portion refundable, providing tax relief for low-income earners through expanded refundable credit.95% confidence

Sub-Topics Income Tax Tax Credits

Track

in committee · South Carolina · House Jan 14, 2025

H 3360: Use tax exemptions

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-36-2130, RELATING TO USE TAX EXEMPTIONS, SO AS TO EXEMPT AN ALL-TERRAIN VEHICLE PURCHASED OR LEASED IN ANOTHER STATE IF THE PURCHASER PAID THE SALES TAX IN THE OTHER STATE.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax exemption for out-of-state ATV purchases, providing tax relief per bill's amendment to use tax rules.90% confidence

Sub-Topics Sales Tax

Track

signed · South Carolina · House Jun 5, 2025

H 4187: Lexington County School District Property Tax Relief Act extension

AN ACT TO EXTEND THE ONE PERCENT SALES TAX IMPOSED BY ACT 378 OF 2004, AS AMENDED, THE LEXINGTON COUNTY SCHOOL DISTRICT PROPERTY TAX RELIEF ACT, FOR AN ADDITIONAL SEVEN YEARS. - RATIFIED TITLE

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends sales tax funding for school district property tax relief, maintaining fiscal support for education through continued revenue mechanism.95% confidence ✓ EducationSupports EducationExtends a sales tax providing property tax relief for Lexington County School District, maintaining dedicated revenue for school funding. This sustains educational financing without increasing local property taxes.95% confidence

Sub-Topics Property Tax Sales Tax

in committee · South Carolina · House Jan 21, 2026

H 3409: Conservation tax credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-3515, RELATING TO THE INCOME TAX CREDIT FOR CONSERVATION OR QUALIFIED CONSERVATION CONTRIBUTION OF REAL PROPERTY, SO AS TO INCREASE THE AMOUNT OF THE CREDIT ALLOWED.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit for conservation contributions, reducing taxable income for qualifying property owners, aligning with tax relief support.90% confidence ✓ EnvironmentSupports EnvironmentIncreases tax credit for conservation contributions, incentivizing environmental protection through financial incentives for real property conservation.95% confidence

Sub-Topics Income Tax Tax Credits Conservation

Track

in committee · South Carolina · Senate Apr 3, 2025

S 538: Agricultural Property

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-37-220, RELATING TO GENERAL EXEMPTION FROM TAXES, SO AS TO DEFINE FARM BUILDING AND STRUCTURES QUALIFYING FOR THE EXEMPTION TO BE BUILDINGS AND STRUCTURES LOCATED ON PROPERTY THAT RECEIVES THE AGRICULTRUAL ASSESSMENT RATIO; AND BY AMENDING SECTION 12-43-220, RELATING TO TAX CLASSIFICATIONS SO AS TO ALLOW FOR A TAXPAYER TO APPLY FOR A REFUND OF PROPERTY TAXES OVERPAID BECAUSE THE PROPERTY WAS ELIGIBLE FOR THE AGRICULTURAL ASSESSMENT RATIO.

Topics ✓ Budget & TaxesSupports Budget & TaxesAmends tax exemptions for agricultural property, allowing refunds for overpaid taxes, providing tax relief to eligible property owners.90% confidence

Sub-Topics Property Tax

Track

in committee · South Carolina · House Jan 14, 2025

H 3382: Durable medical equipment exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-36-2120, RELATING TO SALES TAX EXEMPTION ON DURABLE MEDICAL EQUIPMENT, SO AS TO REMOVE CERTAIN REQUIREMENTS TO RECEIVE THE EXEMPTION.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill removes requirements for sales tax exemption on durable medical equipment, expanding tax relief for essential medical purchases.95% confidence ✓ HealthcareSupports HealthcareRemoves barriers for sales tax exemption on durable medical equipment, increasing patient access to affordable healthcare devices.95% confidence

Sub-Topics Sales Tax Tax Incentives

Track

in committee · South Carolina · House Jan 14, 2025

H 3500: IRA 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 FOR CONTRIBUTIONS TO AND DISTRIBUTIONS FROM CERTAIN RETIREMENT PLANS.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllows tax deduction for retirement contributions, reducing taxable income and providing tax relief per bill's amendment to income tax deductions.95% confidence

Sub-Topics Income Tax

Track

in committee · South Carolina · House Mar 5, 2025

H 3618: Sales tax exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-36-2120, RELATING TO EXEMPTIONS FROM THE SALES TAX SO AS TO EXEMPT BABY FORMULA, BABY FOOD, AND DIAPERS FOR BABIES AND CHILDREN.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts essential baby items from sales tax, providing direct tax relief for lower-income families purchasing necessities.95% confidence

Sub-Topics Sales Tax Tax Incentives

Track