Budget & Taxes

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

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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

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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

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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

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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

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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

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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

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signed · South Carolina · Senate Jun 5, 2026

S 556: Renewable Natural Gas

S. 556 creates a 25% tax credit for businesses investing in equipment to produce renewable natural gas (RNG) from landfill gas. The credit covers costs for purchasing, installing, and preparing equipment for commercial use (like processing and transporting RNG), with a maximum annual limit of $5 million or 25% of qualifying costs, whichever is lower. Businesses must get certification from the State Energy Office for equipment placed in service after 2025, and unused credits can be carried forward for up to 15 years. The tax credit applies to income tax or license fees for tax years 2026 through 2031.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 25% tax credit for RNG equipment, reducing business tax liability and incentivizing clean energy investment through fiscal policy.95% confidence ✓ EnergySupports EnergyBill provides 25% tax credit for RNG equipment, directly funding renewable energy infrastructure and advancing clean energy production from landfill gas.95% confidence ✓ EnvironmentSupports EnvironmentBill provides tax incentives for RNG production from landfill gas, reducing methane emissions and promoting clean energy, directly advancing climate protection goals.95% confidence

Sub-Topics Business Taxes Income Tax Procurement Oil & Gas Recycling Waste Management

in committee · South Carolina · House Jan 14, 2025

H 3362: Transfer of tax credits

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-65-30, RELATING TO THE SOUTH CAROLINA TEXTILES COMMUNITIES REVITALIZATION ACT, SO AS TO ALLOW SUCH INCOME TAX CREDITS TO BE TRANSFERRED; AND BY AMENDING SECTION 12-67-140, RELATING TO THE SOUTH CAROLINA ABANDONED BUILDINGS REVITALIZATION ACT, SO AS TO ALLOW SUCH INCOME TAX CREDITS TO BE TRANSFERRED.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllows transfer of tax credits under revitalization acts, enhancing their utility and supporting fiscal management within budget/tax framework.85% confidence

Sub-Topics Income Tax

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