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S436 - Property tax on aircraft

Advocacy Initiative
Off

Priority Bill
Off

Bill Number
436
Session
2025 - 2026
Chamber
Senate
Sponsor
Sen. Lawrence K. "Larry" Grooms
Category
Finance, Revenue, Taxes
Committee
Senate Finance Committee
Status
Carried over
Staff Summary

Summary of the bill as introduced: Adds a property tax exemption for a portion of the value of an aircraft of an airline company. 

Senate Subcommittee Action

03.31.2026 The Senate Finance Property Tax subcommittee gave this bill a favorable report as amended. The amendment is a strike all and insert that allows fee-in-lieu-of-taxes as approved by the Coordinating Council of Economic Development.

03.03.2026 The Senate Finance Property Tax subcommittee carried this bill over.

H4176 - Enacts the I-95 Economic and Education Stimulus Act

Advocacy Initiative
Off

Priority Bill
Off

Bill Number
4176
Session
2025 - 2026
Chamber
House
Sponsor
Rep. Gary S. Brewer Jr.
Rep. Gil Gatch
Rep. Leonidas E. "Leon" Stavrinakis
Rep. Elizabeth "Spencer" Wetmore
Rep. J. Todd Rutherford
Rep. William G. "Bill" Herbkersman
Rep. Wm. Weston J. Newton
Rep. Seth C. Rose
Rep. Robby Robbins
Rep. Beth E. Bernstein
Category
Finance, Revenue, Taxes
Committee
House Ways and Means Committee
Status
Introduced
Staff Summary

Summary of the bill as introduced: Establishes the South Carolina Gaming Commission that may award casino licenses in counties along Interstate 95.

H4175 - Police income tax exclusion

Advocacy Initiative
Off

Priority Bill
Off

Bill Number
4175
Session
2025 - 2026
Chamber
House
Sponsor
Rep. Micajah P. "Micah" Caskey IV
Rep. Christopher S. "Chris" Wooten
Rep. Thomas E. "Tommy" Pope
Rep. Thomas R. "Randy" Ligon
Rep. William H. Bailey
Category
Finance, Revenue, Taxes
Committee
House Ways and Means Committee
Status
Introduced
Staff Summary

Summary of the bill as introduced: Excludes wages earned by a law enforcement officer while performing duties of a law enforcement officer from the calculation of SC gross income.

H4164 - Community development corporation tax credit

Advocacy Initiative
Off

Priority Bill
Off

Bill Number
4164
Session
2025 - 2026
Chamber
House
Sponsor
Rep. J. David Weeks
Rep. Brandon Michael Newton
Category
Finance, Revenue, Taxes
Committee
House Ways and Means Committee
Status
Introduced
Staff Summary

Summary of the bill as introduced: Allows a tax credit for a taxpayer that invests in a community development corporation or in a community financial institution. 

H4142 - Increases limits in the Tort Claim Act

Advocacy Initiative
Off

Priority Bill
Off

Bill Number
4142
Session
2025 - 2026
Chamber
House
Sponsor
Rep. Christopher R. "Chris" Hart
Category
Finance, Revenue, Taxes
Committee
House Labor, Commerce and Industry Committee
Status
Introduced
Staff Summary

Summary of the bill as introduced: Increases the limits under the SC Tort Claims to $1 million per single occurrence and $2 million for the total sum. 

H4138 - Property tax exemption on a vehicle

Advocacy Initiative
Off

Priority Bill
Off

Bill Number
4138
Session
2025 - 2026
Chamber
House
Sponsor
Rep. Steven Wayne Long
Category
Finance, Revenue, Taxes
Committee
House Ways and Means Committee
Status
Introduced
Staff Summary

Summary of the bill as introduced: Exempts one personal motor vehicle from property taxes owned by a legal guardian of a minor or dependent child who is blind or required to use a wheelchair.

S420 - Investment of funds by political subdivisions

Advocacy Initiative
Off

Priority Bill
Off

Bill Number
420
Session
2025 - 2026
Chamber
Senate
Sponsor
Sen. Tom Young Jr.
Category
Finance, Revenue, Taxes
Committee
Senate Finance Committee
Status
Favorable report
Staff Summary

Summary of the bill as introduced: Allows a qualified retiree post-employment benefit trust maintained for the benefit of a political subdivision retirees to invest in certain corporate debt. 

Senate Subcommittee Action

02.10.2026 The Senate Finance Retirement Systems subcommittee gave this bill a favorable report as amended. The amendment requires that the bonds be investment grade.

Senate Committee Action

02.17.2026 The Senate Finance Committee gave this bill a favorable report as amended by the subcommittee. The subcommittee amendment requires that the bonds be investment grade.

H4060 - Business personal property tax exemption

Advocacy Initiative
Off

Priority Bill
Off

Bill Number
4060
Session
2025 - 2026
Chamber
House
Sponsor
Rep. John Richard C. King
Category
Finance, Revenue, Taxes
Committee
House Ways and Means Committee
Status
Introduced
Staff Summary

Summary of the bill as introduced: Exempts 42.75% of the net depreciated value of business personal property from property taxes.

H4026 - Capital Reserve Fund appropriations

Advocacy Initiative
Off

Priority Bill
Off

Bill Number
4026
Session
2025 - 2026
Chamber
House
Sponsor
Rep. Bruce W. Bannister
Category
Finance, Revenue, Taxes
Committee
House Ways and Means Committee
Status
Favorable report
Staff Summary

Summary of the bill as introduced: Appropriates monies from the Capital Reserve Fund for fiscal year 2024-2025. 

Senate Committee Action

04.09.2025 The Senate Finance Committee gave this bill a favorable report with its version.

H4025 - State Appropriations bill

Advocacy Initiative
Off

Priority Bill
On

Bill Number
4025
Session
2025 - 2026
Chamber
House
Sponsor
Rep. Bruce W. Bannister
Category
Finance, Revenue, Taxes
Committee
House Ways and Means Committee
Status
Favorable report
Staff Summary

Summary of the bill as introduced: Makes appropriations and provides revenues to meet the ordinary expenses of state government for the fiscal year beginning July 1, 2025. 

Senate Committee Action

04.09.2025 The Senate Finance Committee gave this bill a favorable report as amended with its version.