Budget & Taxes (Tax Incentives)

in committee · South Carolina · Senate Jan 15, 2025

S 223: 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 property tax exemption for seniors/disabled, providing tax relief for lower-income homeowners, aligns with tax relief indicators under Budget & Taxes95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · South Carolina · House Jan 15, 2025

H 3565: Sales tax exemption

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 FOR A SALES TAX EXEMPTION FOR BREAST PUMPS.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides sales tax exemption for breast pumps, offering tax relief on essential healthcare item, 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 3378: Property tax exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-37-2120, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT ALL PROPERTY FROM TAXATION AND PROVIDE A DOLLAR-FOR-DOLLAR REIMBURSEMENT TO POLITICAL SUBDIVISIONS.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill exempts all property from taxes, providing tax relief; reimbursement ensures local funding continuity without reducing revenue.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · South Carolina · Senate Jan 15, 2025

S 211: Ad Valorem tax

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-37-220, RELATING TO CLASSES OF PROPERTY THAT ARE EXEMPT FROM AD VALOREM TAXATION, SO AS TO PROVIDE THAT CURRENT VOLUNTEER FIREFIGHTERS ARE ELIGIBLE FOR THE TAX EXEMPTION ON PROPERTY THEY OWN.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for volunteer firefighters, reducing property tax burden - direct tax relief aligning with support indicators for lower/middle-income groups.90% confidence

Sub-Topics Tax Incentives

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in committee · South Carolina · Senate Mar 18, 2025

S 462: 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 EXEMPT CAPITAL EQUIPMENT PURCHASED BY SCHOOL DISTRICTS, COUNTIES, OR MUNICIPALITIES FOR USE ON CAPITAL PROJECTS.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts school districts/counties from sales tax on capital equipment, providing tax relief for government infrastructure spending.95% confidence ✓ EducationSupports EducationExempts sales tax on school capital equipment, reducing costs for infrastructure projects and effectively increasing school funding for facilities.90% confidence

Sub-Topics Sales Tax Tax Incentives

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in committee · South Carolina · House Jan 14, 2025

H 3329: 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 A SALES TAX EXEMPTION FOR DIAPERS AND TOILET PAPER.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides sales tax exemption for essential items (diapers/toilet paper), reducing tax burden on lower-income households.95% confidence

Sub-Topics Sales Tax Tax Incentives

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in committee · South Carolina · Senate Jan 14, 2025

S 151: Small Business Property Tax Relief

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-37-221 SO AS TO PROVIDE THAT THE FIRST THIRTY THOUSAND DOLLARS OF THE FAIR MARKET VALUE OF A SMALL BUSINESS IS EXEMPT FROM COUNTY, MUNICIPAL, SCHOOL, AND SPECIAL ASSESSMENT REAL ESTATE PROPERTY TAXES.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts small business property tax on first $30k, reducing tax burden and supporting fiscal management for small businesses.95% confidence ✗ EducationOpposes EducationBill exempts small business property from school taxes, reducing school funding revenue. Directly cuts a key education revenue source per tax exemption language.90% confidence

Sub-Topics Business Taxes Property Tax Tax Incentives Testing & Assessment Tags Small Business

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in committee · South Carolina · House Jan 14, 2025

H 3410: 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 A PROPERTY TAX EXEMPTION FOR TWO PRIVATE PASSENGER VEHICLES OWNED OR LEASED BY ANY PERMANENTLY AND TOTALLY DISABLED FORMER LAW ENFORCEMENT OFFICER, FORMER EMERGENCY MEDICAL TECHNICIAN, OR FORMER FIREFIGHTER.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax exemption for disabled former first responders, reducing their tax burden and providing targeted tax relief.95% confidence

Sub-Topics Property Tax Tax Incentives

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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 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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