Budget & Taxes

in committee · South Carolina · House Jan 14, 2025

H 3466: Income tax credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "SOUTH CAROLINA COMMUNITY JOBS ACT" BY ADDING SECTION 12-6-3830 SO AS TO PROVIDE AN INCOME TAX CREDIT FOR AN ELIGIBLE EMPLOYER THAT HIRES CERTAIN EMPLOYEES.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides employer tax credit, reducing tax liability and incentivizing hiring under a job creation act.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · South Carolina · House Jan 14, 2025

H 3417: Income tax deduction

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-1172 SO AS TO EXEMPT THE RETIREMENT INCOME OF TEACHERS; AND BY AMENDING SECTION 12-6-1170, RELATING TO RETIREMENT INCOME DEDUCTION, SO AS TO MAKE CONFORMING CHANGES.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts teachers' retirement income from tax, providing tax relief for public school educators, aligning with tax relief indicators for middle-income groups.95% confidence

Sub-Topics Income Tax

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in committee · South Carolina · Senate Feb 13, 2025

S 341: Sales tax exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-36-2120, RELATING TO SALES TAX EXEMPTIONS, SO AS TO PROVIDE AN EXEMPTION FOR BREAST PUMPS AND SUPPLIES AND INCONTINENCE PRODUCTS.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides sales tax exemption for essential medical products, reducing tax burden on lower-income individuals and aligning with tax relief indicators.95% confidence

Sub-Topics Sales Tax Tax Incentives

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in committee · South Carolina · House Jan 14, 2025

H 3445: Assessment ratios

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-43-220, RELATING TO ASSESSMENT RATIOS ON RESIDENTIAL PROPERTY, SO AS TO ALLOW A TAXPAYER'S SPOUSE TO CLAIM THE FOUR PERCENT ASSESSMENT RATIO ON A RESIDENTIAL PROPERTY.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill lowers property tax assessment ratio for spouses, providing tax relief through reduced tax burden on residential property.90% confidence

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in committee · South Carolina · House Jan 14, 2025

H 3380: 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 SET THE EXEMPTION AMOUNT AS THE GREATER OF THE FIRST FIFTY THOUSAND DOLLARS OR THE FIRST THIRTY-THREE PERCENT 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 property tax exemption for seniors/disabled by raising the exemption amount, providing direct tax relief to vulnerable residents.95% confidence

Sub-Topics Property Tax Tax Incentives

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signed · South Carolina · House May 26, 2026

H 3841: Property tax

AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-43-220, RELATING TO ASSESSMENT RATIOS, SO AS TO PROVIDE THAT UNDER CERTAIN CIRCUMSTANCES, PROPERTY RECEIVING THE FOUR PERCENT ASSESSMENT RATIO SHALL CONTINUE AT FOUR PERCENT WHEN THE OWNER DIES; AND BY ADDING SECTION 12-37-460 SO AS TO PROVIDE THAT UNDER CERTAIN CIRCUMSTANCES PROPERTY TAX EXEMPTIONS SHALL CONTINUE TO APPLY WHEN THE OWNER DIES. - RATIFIED TITLE

Topics ✓ Budget & TaxesSupports Budget & TaxesBill continues property tax exemptions and 4% assessment ratio upon owner's death, providing tax relief for heirs and maintaining lower property tax burden.90% confidence

Sub-Topics Property Tax

in committee · South Carolina · House Jan 14, 2025

H 3332: Statewide millage

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-37-130 SO AS TO PROVIDE THAT THE GENERAL ASSEMBLY ANNUALLY BY JOINT RESOLUTION SHALL IMPOSE A STATEWIDE MILLAGE ON ALL REAL AND PERSONAL PROPERTY SUBJECT TO PROPERTY TAX IN THIS STATE FOR THE PURPOSE OF RAISING REVENUE FOR PUBLIC SCHOOL OPERATIONS AND IN THE JOINT RESOLUTION IMPOSING THE TAX SHALL PROVIDE THE PLAN OF DISTRIBUTING THE REVENUE FOR THE APPLICABLE FISCAL YEAR TO THE SCHOOL DISTRICTS OF THE STATE; AND BY AMENDING SECTION 12-37-220, RELATING TO PROPERTY TAX EXEMPTIONS SO AS TO EXEMPT ONE HUNDRED PERCENT OF THE FAIR MARKET VALUE OF ALL REAL AND PERSONAL PROPERTY SUBJECT TO PROPERTY TAX IN THIS STATE FROM PROPERTY TAX MILLAGE IMPOSED BY A SCHOOL DISTRICT FOR SCHOOL OPERATIONS.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes statewide property tax millage to fund public schools, directly increasing state revenue allocation for education through taxation.95% confidence ✓ EducationSupports EducationBill imposes property tax to raise revenue specifically for public school operations, directly increasing education funding.95% confidence

Sub-Topics Property Tax

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in committee · South Carolina · House Feb 12, 2026

H 3511: 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 ONE HUNDRED 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 tax exemption from $50k to $100k, providing property tax relief for seniors/disabled, aligning with tax relief for lower-income groups.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · South Carolina · Senate Jan 14, 2025

S 58: Teacher Salary Requirements

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 59-20-50, RELATING TO STATE CONTRIBUTION LEVEL REQUIREMENTS, SO AS TO REQUIRE EACH TEACHER TO BE PAID THE NATIONAL AVERAGE TEACHER SALARY INSTEAD OF THE SOUTHEASTERN AVERAGE.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates higher teacher salaries requiring increased state budget allocation for education funding, aligning with public service funding indicators.90% confidence ✓ EducationSupports EducationMandates national average teacher salaries, increasing compensation beyond current southeastern standard, directly supporting educator funding and retention.95% confidence

Sub-Topics Teachers

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in committee · South Carolina · House Jan 14, 2025

H 3427: 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 ONE HUNDRED 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 $100k, providing property tax relief for seniors/disabled - direct tax reduction for vulnerable groups.95% confidence ✓ HousingSupports HousingIncreases homestead tax exemption for seniors/disabled, reducing housing costs and supporting affordability for eligible homeowners.90% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes

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