Budget & Taxes

in committee · South Carolina · House Jan 15, 2025

H 3742: Homestead exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-37-250, RELATING TO THE HOMESTEAD PROPERTY TAX EXEMPTION ALLOWED FOR PERSONS WHO ARE OVER THE AGE OF SIXTY-FIVE YEARS, DISABLED, OR LEGALLY BLIND, SO AS TO INCREASE THE EXEMPTION AMOUNT FROM THE FIRST FIFTY THOUSAND DOLLARS TO THE FIRST SEVENTY-FIVE THOUSAND DOLLARS OF THE FAIR MARKET VALUE OF THE HOMESTEAD; AND BY REPEALING SECTION 12-37-245 RELATING TO AN OBSOLETE REFERENCE TO THE HOMESTEAD EXEMPTION.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases homestead exemption from $50k to $75k, providing direct property tax relief to seniors/disabled/blind homeowners, aligning with tax relief indicators for lower-income groups.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · South Carolina · House Jan 14, 2025

H 3297: Charter Schools

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 59-40-250 SO AS TO PROVIDE FOR ADDITIONAL PER PUPIL FUNDING FOR CHARTER SCHOOLS WITH A CERTAIN POVERTY INDEX OR LOCATED IN A CERTAIN COUNTY.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates additional per-pupil funding for charter schools, increasing state spending on education through budget appropriations.95% confidence ✓ EducationSupports EducationBill provides additional per-pupil funding for charter schools in high-poverty areas or specific counties, directly increasing educational funding for targeted schools.95% confidence

Sub-Topics School Funding

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in committee · South Carolina · House Jan 14, 2025

H 3540: Income tax credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3690 SO AS TO ALLOW AN INCOME TAX CREDIT TO A TAXPAYER THAT OPERATES A SCHOOL TO WORK PROGRAM WHICH LINKS STUDENTS AND SCHOOLS WITH THE WORKPLACE, TO PROVIDE REQUIREMENTS FOR THE PROGRAM, AND TO SPECIFY THE AMOUNT OF THE CREDIT.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit for school-to-work programs, reducing tax liability for eligible taxpayers, aligning with tax relief indicators.95% confidence ✓ EducationSupports EducationTax credit provides financial incentive for schools to develop workplace-linked student programs, directly funding educational initiatives and expanding student opportunities.85% confidence

Sub-Topics Income Tax Tax Credits

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in committee · South Carolina · House Jan 28, 2026

H 3832: Film incentives

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-62-50, RELATING TO THE TAX REBATE FOR CERTAIN MOTION PICTURE PRODUCTION COMPANIES, SO AS TO INCREASE THE ANNUAL LIMIT, AND BY ALLOWING THE USE OF REBATES FOR CERTAIN EXPENDITURES AND EXPENSES; BY REPEALING SECTION 12-62-60 RELATING TO DISTRIBUTION OF ADMISSIONS TAXES FOR REBATES TO MOTION PICTURE PRODUCTION COMPANIES AND CERTAIN DEPARTMENTAL EXPENSES; AND BY ADDING SECTION 12-6-3830 SO AS TO PROVIDE A TAX CREDIT FOR AN ACCREDITED THEATER PRODUCTION.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases tax rebates and adds tax credits for film companies, providing direct fiscal incentives that reduce business tax liability under tax policy.95% confidence

Sub-Topics Tax Credits Tax Incentives

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passed · South Carolina · House Apr 30, 2026

H 3371: Admissions tax exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-21-2420, RELATING TO ADMISSIONS TAX, SO AS TO EXEMPT ADMISSIONS CHARGED BY CERTAIN NONPROFIT BUSINESS LEAGUES AND CHAMBERS OF COMMERCE.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts nonprofits from admissions tax, providing direct tax relief aligning with support indicators for tax policy.90% confidence

Sub-Topics Tax Incentives

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passed · South Carolina · Senate Apr 2, 2026

S 682: Timber

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3830 SO AS TO ALLOW AN INCOME TAX CREDIT FOR A TIMBER CASUALTY LOSS IN A FEDERALLY DECLARED DISASTER AREA RESULTING FROM HURRICANE HELENE; AND BY AMENDING SECTION 12-6-1140, RELATING TO DEDUCTIONS FROM INDIVIDUAL TAXABLE INCOME, SO AS TO ALLOW A DEDUCTION FOR PAYMENTS RECEIVED FROM CERTAIN DISASTER RELIEF AGENCIES RESULTING FROM HURRICANE HELENE.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief via income tax credit/deduction for disaster victims, reducing taxable income and advancing fiscal relief in disaster areas.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · South Carolina · House Feb 19, 2025

H 4060: 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 FORTY-TWO AND THREE QUARTERS PERCENT OF THE NET DEPRECIATED VALUE OF BUSINESS PERSONAL PROPERTY.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts 42.75% of business property tax, reducing tax burden for businesses, aligning with tax relief under Budget & Taxes.95% confidence

Sub-Topics Business Taxes Property Tax Tax Incentives

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in committee · South Carolina · House Feb 25, 2025

H 4089: Boosting Opportunities for Small Startups Act

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "BOOSTING OPPORTUNITIES FOR SMALL STARTUPS (BOSS) ACT" BY ADDING SECTION 12-6-532 SO AS TO PROVIDE FOR CERTAIN EXEMPTIONS FROM THE CORPORATE INCOME TAX FOR CERTAIN SMALL BUSINESSES.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides corporate income tax exemptions for small businesses, offering tax relief as fiscal support within budget/tax policy.95% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives

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in committee · South Carolina · House Apr 9, 2025

H 3943: Disabled Veterans Income Tax Credit

This bill creates a South Carolina income tax credit for disabled veterans. It allows veterans with a U.S. Department of Veterans Affairs disability rating to reduce their state income tax liability by a percentage equal to their disability rating (e.g., a 50% rating would reduce tax by 50% of their tax bill), capped at $5,000 annually. Veterans must provide documentation to claim the credit, which is nonrefundable (it reduces tax owed but doesn’t create a refund). The credit applies to tax years beginning after 2024 and directly affects South Carolina veterans with VA disability ratings.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing liability for disabled veterans, aligning with tax relief for lower-income groups under Budget & Taxes policy95% confidence ✓ VeteransSupports VeteransCreates tax credit reducing disability veterans' state tax burden, directly expanding financial benefits for this group.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · South Carolina · House Jan 14, 2025

H 3496: Property Tax

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 4-1-190 SO AS TO REQUIRE A COUNTY TO CONSULT WITH OTHER AFFECTED TAXING ENTITIES BEFORE ENTERING INTO A FEE IN LIEU OF PROPERTY TAXES AGREEMENT, TO REQUIRE THE COUNTY TO ISSUE AN ANNUAL REPORT DETAILING DISTRIBUTIONS, AND TO REQUIRE THE STATE TREASURER TO WITHHOLD CERTAIN FUNDS FROM THE COUNTY IF THE PROPERTY DISTRIBUTIONS ARE NOT DISBURSED.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires county transparency and accountability in property tax distributions, promoting fiscal responsibility through mandatory reporting and fund withholding.90% confidence

Sub-Topics Property Tax

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