2025-2026 Regular SessionSouth Carolina Legislature

S0151: Small Business Property Tax Relief

Legislative Summary

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.

Demographic Impact

Overall analysis of equity impact

60% Positive
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

12/11/2024
Prefiled
Senate
12/11/2024
Referred to Committee on Finance
Senate
1/14/2025
Introduced and read first time
Senate
1/14/2025
Referred to Committee on Finance
Senate

Status Information

Current Status
Introduced(12/11/2024)
Chamber
Senate
Committee
Finance(Senate)

Sponsors

Republican: 2

Documents

Introduced
Bill Text12/11/20247.0 KB