H 3793 would exempt all overtime income earned by South Carolina individual taxpayers from the state's income tax. The bill requires that overtime pay not be counted toward taxable income and prohibits state tax withholding on overtime earnings. It applies directly to workers who receive overtime pay, including those in hourly or salaried positions covered by overtime rules. The exemption would take effect upon the governor's approval, with the tax department allowed to request necessary information for administration. This policy change would reduce the state income tax burden for eligible workers receiving overtime compensation.
A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-36-2120, RELATING TO EXEMPTIONS FROM SALES TAX SO AS TO PROVIDE A SALES TAX EXEMPTION FOR BABY FORMULA AND BABY FOOD.
A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-1120, RELATING TO GROSS INCOME, SO AS TO EXCLUDE CERTAIN GRATUITIES AND TIPS FROM GROSS INCOME.
H 3298 would exempt overtime income from South Carolina's individual income tax. It directly affects South Carolina residents who earn overtime pay, including hourly workers across various industries. The bill requires that overtime income not be included in taxable income and prohibits state tax withholding on overtime earnings. The exemption applies to income tax years beginning after 2024, with the South Carolina Department of Revenue allowed to request necessary administrative information. This is a direct policy change to tax calculation rules, not a procedural measure.
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.
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.
South Carolina's H. 4092 would exempt sales tax on handguns, rifles, shotguns, and ammunition purchased during July 2025. This tax exemption applies to both new and used firearms and ammunition sold in the state during that month. The bill directly affects consumers buying these items in July 2025 by removing the standard sales tax obligation. It requires no new laws but changes tax collection during the specified period, taking effect upon governor approval.
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.
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.
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.
