Skip to main content

Voices. Knowledge. Solutions.

S688 - Unemployment trust fund

Advocacy Initiative
Off

Priority Bill
Off

Bill Number
688
Session
2025 - 2026
Chamber
Senate
Sponsor
Sen. A. Shane Massey
Category
Finance, Revenue, Taxes
Committee
Senate Labor, Commerce, and Industry Committee
Status
Favorable report
Staff Summary

Summary of the bill as introduced: Changes definitions related to Unemployment Trust Fund contributions and payments.

Senate Subcommittee Action

02.12.2026 The Senate Labor, Commerce and Industry Ad Hoc subcommittee gave this bill a favorable report.

01.21.2026 The Senate Labor, Commerce and Industry Ad Hoc subcommittee gave this bill a favorable report.

H4517 - Earmarks in the state budget

Advocacy Initiative
Off

Priority Bill
Off

Bill Number
4517
Session
2025 - 2026
Chamber
House
Sponsor
Rep. Joseph S. "Joe" White
Category
Finance, Revenue, Taxes
Committee
House Ways and Means Committee
Status
Introduced
Staff Summary

Summary of the bill as introduced: Prohibits earmarked funds in the state budget designated for certain projects or entities outside of the core budgetary process.

H4510 - Heirs property

Advocacy Initiative
Off

Priority Bill
Off

Bill Number
4510
Session
2025 - 2026
Chamber
House
Sponsor
Rep. Michael F. Rivers Sr.
Rep. Leon Howard
Rep. Roger K. Kirby
Rep. Gilda Cobb-Hunter
Rep. Tiffany Spann-Wilder
Category
Finance, Revenue, Taxes
Committee
House Judiciary Committee
Status
Introduced
Staff Summary

Summary of the bill as introduced: Allows for heirs to redeem deceased owners' property in certain circumstances.

H4475 - Property tax exemptions for nonprofit housing

Advocacy Initiative
Off

Priority Bill
Off

Bill Number
4475
Session
2025 - 2026
Chamber
House
Sponsor
Rep. Brandon Guffey
Rep. Heath Sessions
Rep. Brandon Michael Newton
Category
Finance, Revenue, Taxes
Committee
House Ways and Means Committee
Status
Introduced
Staff Summary

Summary of the bill as introduced: Creates a property tax exemption for a nonprofit housing corporation for a percentage that equals the corporation’s ownership interest in the property. 

H3858 - Taxes on boats

Advocacy Initiative
Off

Priority Bill
Off

Bill Number
3858
Session
2025 - 2026
Chamber
House
Sponsor
Rep. Gary S. Brewer Jr.
Rep. Fawn M. Pedalino
Rep. Phillip D. Lowe
Rep. Cody T. Mitchell
Rep. Mark. Smith
Category
Finance, Revenue, Taxes
Committee
House Ways and Means Committee
Status
Favorable report
Staff Summary

Summary of the bill as introduced: Exempts the property tax on boats by 50%. 

House Subcommittee Action

04.23.2025 The House Ways and Means Property Tax subcommittee gave this bill a favorable report.

Senate Subcommittee Action

02.12.2026 The Senate Finance Property Tax subcommittee gave this bill a favorable report as amended. The amendments change the effective date to January 2027.

House Committee Action

04.30.2025 The House Ways and Means Committee gave this bill a favorable report as amended. The amendment lowers the property tax on boats to 6% and grandfathers in the counties that already lowered the boat tax to 6%.

Senate Committee Action

02.17.2026 The Senate Finance Committee gave this bill a favorable report as amended by the subcommittee. The subcommittee amendments change the effective date to January 2027.

H4294 - Gross income from the SC Police Officers Retirement System

Advocacy Initiative
Off

Priority Bill
Off

Bill Number
4294
Session
2025 - 2026
Chamber
House
Sponsor
Rep. Carla Schuessler
Rep. Mark N. Willis
Rep. Fawn M. Pedalino
Rep. Gary S. Brewer Jr.
Rep. Christopher S. "Chris" Wooten
Rep. Melissa L. Oremus
Rep. Timothy "Tim" A. McGinnis
Category
Finance, Revenue, Taxes
Committee
House Ways and Means Committee
Status
Introduced
Staff Summary

Summary of the bill as introduced: Exempts gross income from certain retirement benefits received from the SC Police Officers Retirement System. 

S538 - Agricultural building definition

Advocacy Initiative
Off

Priority Bill
Off

Bill Number
538
Session
2025 - 2026
Chamber
Senate
Sponsor
Sen. Russell Ott
Category
Finance, Revenue, Taxes
Committee
Senate Finance Committee
Status
Introduced
Staff Summary

Summary of the bill as introduced: Defines farm buildings and structures qualifying for the agricultural property tax exemption. 

H4216 - Income tax reduction

Advocacy Initiative
Off

Priority Bill
Off

Bill Number
4216
Session
2025 - 2026
Chamber
House
Sponsor
Rep. Bruce W. Bannister
Rep. Thomas E. "Tommy" Pope
Rep. G. Murrell Smith Jr.
Category
Finance, Revenue, Taxes
Committee
House Ways and Means Committee
Status
Favorable report
Staff Summary

Summary of the bill as introduced: Reduces the income tax rates for a flat 3.99% and sets standards for further reductions in the tax.

House Subcommittee Action

04.01.2025 The House Ways and Means Sales and Use and Income Tax subcommittee gave this bill a favorable report.

Senate Subcommittee Action

01.14.2026 The Senate Finance Sales and Income Tax subcommittee gave this bill a favorable report.

 

House Committee Action

04.30.2025 The House Ways and Means Committee gave this bill a favorable report as amended. The amendment creates two income tax rates. 

04.22.2025 The House Ways and Means Committee heard expert testimony but did not take action on the bill.

04.03.2025 The House Ways and Means Committee adjourned debate on this bill.

Senate Committee Action

01.20.2026 The Senate Finance Committee gave this bill a favorable report.

S462 - Sales tax exemption

Advocacy Initiative
Off

Priority Bill
Off

Bill Number
462
Session
2025 - 2026
Chamber
Senate
Sponsor
Sen. Michael Johnson
Sen. Billy Garrett
Sen. Brian Adams
Sen. A. Shane Massey
Sen. Josh Kimbrell
Sen. Allen Blackmon
Sen. Tom Young Jr.
Sen. Greg Hembree
Sen. Wes Climer
Sen. Daniel B. "Danny" Verdin III
Sen. JD Chaplin
Sen. Overture Walker
Sen. Jeff Zell
Sen. Matt Leber
Sen. Everett Subbs
Category
Finance, Revenue, Taxes
Committee
Senate Finance Committee
Status
Introduced
Staff Summary

Summary of the bill as introduced: Exempts capital equipment from sales tax when it is purchased by school districts, counties or municipalities for use on capital projects. 

S439 - Manufacturing property tax exemption

Advocacy Initiative
Off

Priority Bill
Off

Bill Number
439
Session
2025 - 2026
Chamber
Senate
Sponsor
Sen. Harvey S. Peeler Jr.
Sen. Ross Turner
Sen. Thomas C. "Tom" Davis
Sen. Sean M. Bennett
Sen. Daniel B. "Danny" Verdin III
Sen. Thomas C. Alexander
Sen. Lawrence K. "Larry" Grooms
Sen. Josh Kimbrell
Sen. Michael Johnson
Sen. Darrell Jackson
Sen. Thomas D. "Tom" Corbin
Sen. Ed Sutton
Category
Finance, Revenue, Taxes
Committee
Senate Finance Committee
Status
Favorable report
Staff Summary

Summary of the bill as introduced: Increases the maximum reimbursement amount for the property tax exemption on certain manufacturing property.

House Subcommittee Action

03.25.2026 The House Ways and Means Property Tax subcommittee gave this bill a favorable report.

Senate Subcommittee Action

04.15.2025 The Senate Finance Property Tax subcommittee gave this bill a favorable report.

Senate Committee Action

04.29.2025 The Senate Finance Committee gave this bill a favorable report.