Budget & Taxes (Tax Credits)

in committee · South Carolina · House Aug 11, 2026

H 5794: Tax credit for child care expenses

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-3380, RELATING TO THE INCOME TAX CREDIT FOR CHILD AND DEPENDENT CARE EXPENSES, SO AS TO MAKE THE CREDIT REFUNDABLE AND TO DELETE A PROVISION THAT OTHERWISE REDUCES THE AMOUNT OF THE CREDIT.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill makes child care tax credit refundable and removes a reduction provision, providing direct financial relief to families.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · South Carolina · House Mar 31, 2026

H 5477: Working Family Child Tax Credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "WORKING FAMILY CHILD TAX CREDIT" BY ADDING SECTION 12-6-3830 SO AS TO PROVIDE AN INCOME TAX CREDIT FOR CERTAIN INDIVIDUALS WITH QUALIFYING CHILDREN.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates an income tax credit for families with children, providing direct tax relief and advancing the Budget & Taxes topic.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · South Carolina · House Feb 24, 2026

H 5252: Abandoned Buildings Tax Credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-67-120, RELATING TO THE ABANDONED BUILDINGS REVITALIZATION ACT DEFINITIONS, SO AS TO CLARIFY THAT THE EXISTENCE OF AN INCOME-PRODUCING USE PRIOR TO THE PERIOD OF ABANDONMENT IS NOT A REQUIREMENT FOR ELIGIBILITY; BY AMENDING SECTION 12-67-130, RELATING TO APPLICABILITY, SO AS TO MAKE A CONFORMING CHANGE; BY AMENDING SECTION 12-67-140, RELATING TO ELIGIBILITY FOR THE CREDIT, SO AS TO CLARIFY CERTAIN TIMING CONSIDERATIONS RELATED TO THE FILING OF A NOTICE OF INTENT TO REHABILITATE AN ABANDONED BUILDING AND TO CLARIFY THAT ABANDONED BUILDING TAX CREDITS MAY NOT SERVE AS COLLATERAL FOR ANY DEBT; AND BY AMENDING SECTION 12-67-160, RELATING TO THE CERTIFICATION OF ABANDONED BUILDING SITES, SO AS TO REMOVE A REQUIREMENT FOR CERTAIN CERTIFICATIONS OF STATE-OWNED ABANDONED BUILDING SITES.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax credit for abandoned building revitalization, reducing tax liability for eligible properties, directly supporting tax policy through targeted relief.92% confidence

Sub-Topics Tax Credits

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signed · South Carolina · Senate Jun 5, 2026

S 866: Municipal Tax Relief Act

AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "MUNICIPAL TAX RELIEF ACT" BY ADDING CHAPTER 41 TO TITLE 5 SO AS TO AUTHORIZE CERTAIN MUNICIPALITIES TO IMPOSE UP TO A ONE PERCENT SALES TAX TO PROVIDE PROPERTY TAX RELIEF TO OWNER-OCCUPIED HOMES AND TO FINANCE CERTAIN PROJECTS, TO SPECIFY THE MANNER IN WHICH THE TAX MUST BE IMPOSED AND ADMINISTERED AND THE MANNER IN WHICH THE PROPERTY TAX CREDIT IS CALCULATED. - RATIFIED TITLE

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes municipalities to impose sales tax for property tax relief on owner-occupied homes, directly providing tax relief per bill's purpose95% confidence

Sub-Topics Property Tax Sales Tax Tax Credits

in committee · South Carolina · Senate Jan 28, 2026

S 856: Community development corporation tax credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3531 SO AS TO ALLOW A TAX CREDIT TO A TAXPAYER THAT INVESTS IN A COMMUNITY DEVELOPMENT CORPORATION OR IN A COMMUNITY FINANCIAL INSTITUTION.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for investments in community development, offering tax relief and promoting fiscal responsibility through targeted investment incentives.95% confidence

Sub-Topics Tax Credits

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signed · South Carolina · Senate Jun 5, 2026

S 853: Abandoned Buildings Tax Credit

AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-67-120, RELATING TO THE ABANDONED BUILDINGS REVITALIZATION ACT DEFINITIONS, SO AS TO CLARIFY THAT THE EXISTENCE OF AN INCOME-PRODUCING USE PRIOR TO THE PERIOD OF ABANDONMENT IS NOT A REQUIREMENT FOR ELIGIBILITY; BY AMENDING SECTION 12-67-130, RELATING TO APPLICABILITY, SO AS TO MAKE A CONFORMING CHANGE; BY AMENDING SECTION 12-67-140, RELATING TO ELIGIBILITY FOR THE CREDIT, SO AS TO CLARIFY CERTAIN TIMING CONSIDERATIONS, RELATED TO THE FILING OF A NOTICE OF INTENT TO REHABILITATE AN ABANDONED BUILDING AND TO CLARIFY THAT ABANDONED BUILDING TAX CREDITS MAY NOT SERVE AS COLLATERAL FOR ANY DEBT; BY AMENDING SECTION 12-67-160, RELATING TO THE CERTIFICATION OF ABANDONED BUILDING SITES, SO AS TO REMOVE A REQUIREMENT FOR CERTAIN CERTIFICATIONS OF STATE-OWNED ABANDONED BUILDING SITES; AND TO PROVIDE FOR CERTAIN ABEYANCE. - RATIFIED TITLE

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit eligibility for building revitalization, providing tax relief to incentivize property redevelopment under South Carolina's tax credit program.95% confidence

Sub-Topics Tax Credits

in committee · South Carolina · House Jan 20, 2026

H 4693: Housing tax credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3796 SO AS TO ALLOW AN ALTERNATIVE LOW-INCOME HOUSING TAX CREDIT FOR PRESERVING EXISTING BUILDINGS AND HOUSING RESOURCES TO PROVIDE LOW-INCOME HOUSING.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credit for low-income housing preservation, providing tax relief to developers and supporting affordable housing funding through fiscal incentives.90% confidence ✓ HousingSupports HousingCreates tax credit to preserve existing low-income housing, directly funding affordable housing preservation through tax incentives.95% confidence

Sub-Topics Tax Credits Affordable Housing Historic Preservation Housing Finance

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in committee · South Carolina · House Jan 21, 2026

H 4594: 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 & TaxesBill provides income tax credit/deduction for disaster-related timber losses, offering fiscal relief to affected taxpayers through tax adjustments.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · South Carolina · House Jan 20, 2026

H 4603: Small Business Livable Wage Tax Credit Act

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "SMALL BUSINESS LIVABLE WAGE TAX CREDIT ACT" BY ADDING SECTION 12-6-3830 SO AS TO PROVIDE FOR AN INCOME TAX CREDIT FOR CERTAIN QUALIFIED EMPLOYERS WHO PAY NONEXEMPT EMPLOYEES AT OR ABOVE THE LIVABLE WAGE.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides income tax credit to small businesses paying livable wages, reducing tax burden (tax relief) under Budget & Taxes.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill provides tax credit for employers paying nonexempt employees at livable wage, directly advancing worker compensation standards per bill summary.95% confidence

Sub-Topics Income Tax Tax Credits Minimum Wage

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in committee · South Carolina · House Jan 13, 2026

H 4708: First-time homebuyers credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3830 SO AS TO ALLOW RESIDENT INDIVIDUAL TAXPAYERS A FIRST-TIME HOMEBUYER INCOME TAX CREDIT, AND TO SPECIFY ELIGIBILITY REQUIREMENTS FOR THE CREDIT.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for first-time homebuyers, reducing tax burden on eligible individuals per bill's explicit tax relief mechanism.95% confidence ✓ HousingSupports HousingProvides tax credit to first-time homebuyers, reducing entry barriers to homeownership and advancing affordable housing access.90% confidence

Sub-Topics Income Tax Tax Credits Homeownership

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