Budget & Taxes (Tax Incentives)

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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in committee · South Carolina · House Jan 14, 2025

H 3419: 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 FIFTY 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 $150k for seniors/disabled, reducing property tax burden - direct tax relief for lower-income homeowners.90% confidence ✓ HousingSupports HousingIncreases homestead tax exemption for seniors/disabled, reducing housing costs for owners, supporting property rights in housing policy.85% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes

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in committee · South Carolina · Senate Feb 5, 2025

S 317: House Boat taxes

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-37-220, RELATING TO THE GENERAL EXEMPTION FROM PROPERTY TAXES, SO AS TO PROVIDE A PROPERTY TAX EXEMPTION OF FIFTY PERCENT OF THE FAIR MARKET VALUE OF WATERCRAFT.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 50% property tax exemption for watercraft, reducing tax burden on owners and aligning with tax relief indicators.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · South Carolina · Senate Jan 14, 2025

S 132: Economic Incentive Clawback

A JOINT RESOLUTION TO ESTABLISH CRITERIA FOR THE STATE TO RECOVER FUNDS APPROPRIATED FOR CERTAIN PURPOSES RELATED TO THE SCOUT MOTORS ECONOMIC DEVELOPMENT PROJECT.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes criteria to recover misallocated funds for Scout Motors project, promoting fiscal accountability and responsible budget management.85% confidence

Sub-Topics Tax Incentives Tags Economic Development

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in committee · South Carolina · House Jan 30, 2025

H 3855: 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 SMALL ARMS AND SMALL ARMS AMMUNITION.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts small arms/ammo from sales tax, providing tax relief (reducing tax revenue), aligning with support indicator of tax relief.95% confidence

Sub-Topics Sales Tax Tax Incentives

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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 · House Jan 14, 2025

H 3379: Nonprofit 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 SALES MADE TO A NONPROFIT ORGANIZATION WITH FEDERAL TAX-EXEMPT STATUS.

Topics ✗ Budget & TaxesOpposes Budget & TaxesExempts nonprofits from sales tax, reducing state tax revenue and weakening fiscal management.90% confidence

Sub-Topics Sales Tax Tax Incentives

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