2025-2026 Regular Session • South 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
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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)