S 0688 — AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 41-31-5, RELATING TO CONTRIBUTIONS AND PAYMENTS TO THE UNEMPLOYMENT TRUST FUND DEFINITIONS, SO AS TO CHANGE THE LOOKBACK PERIOD FOR THE BENEFIT RATIO; BY AMENDING SECTION 41-31-45, RELATING TO DEBT STATUS ESTIMATES, SO AS TO PROVIDE FOR A SOLVENCY TARGET FOR THE FUND; BY AMENDING SECTION 41-31-60, RELATING TO THE TAX RATE WHEN A DELINQUENT REPORT IS RECEIVED, SO AS TO CHANGE THE PENALTY FOR AN OUTSTANDING LIEN; BY AMENDING SECTION 41-31-350, RELATING TO THE PENALTY FOR FAILURE TO FILE A REPORT, SO AS TO REMOVE THE CAP ON THE PENALTY FOR FAILING TO FILE A REPORT; BY AMENDING SECTION 41-31-370, RELATING TO INTEREST ON UNPAID CONTRIBUTIONS, SO AS TO REMOVE THE CAP ON THE PENALTY FOR FAILURE TO PAY CONTRIBUTIONS; BY AMENDING SECTION 12-37-220, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT THE FIRST TEN THOUSAND DOLLARS OF NET DEPRECIATED VALUE OF BUSINESS PERSONAL PROPERTY OWNED BY A SMALL BUSINESS; BY AMENDING SECTION 12-37-900, RELATING TO PROPERTY TAX RETURNS, SO AS TO PROVIDE THAT A TAXPAYER IS NOT REQUIRED TO RETURN BUSINESS PERSONAL PROPERTY FOR TAXATION IF THE TAXPAYER HAS LESS THAN TEN THOUSAND DOLLARS OF NET DEPRECIATED VALUE OF BUSINESS PERSONAL PROPERTY; BY ADDING SECTION 12-37-980 SO AS TO REQUIRE THAT ALL BUSINESS PERSONAL PROPERTY REQUIRED TO BE RETURNED FOR TAXATION BE RETURNED TO THE DEPARTMENT OF REVENUE; AND BY AMENDING SECTION 12-20-50, RELATING TO THE LICENSE TAX ON CORPORATIONS, SO AS TO PROVIDE THAT, UNDER CERTAIN CIRCUMSTANCES, THE FEE DOES NOT APPLY TO ANY PORTION OF THE FIRST FIFTY MILLION DOLLARS OF CERTAIN CAPITAL STOCK AND PAID-IN OR CAPITAL SURPLUS. - RATIFIED TITLE
Last action — Act No. 243
-
✓Introduced
-
✓In Committee
-
✓Passed Senate
-
✓Passed House
-
✓To Executive
-
6Enacted
This bill has been enacted into law. Introduced December 10, 2025. Enacted.
Signed by Governor Henry McMaster (Republican) on May 22, 2026.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
-
Enacted
Current position in the legislative process.
-
2 sponsors
1 primary, 1 co-sponsors signed on.
-
Mixed recorded votes
1 passed, 3 failed in recorded votes so far.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
In plain language
The bill modifies unemployment trust fund contributions and offers tax adjustments for small businesses.
This bill changes certain rules regarding contributions to the unemployment trust fund and offers property tax exemptions for small businesses. It includes provisions for penalties related to reporting and taxation of business personal property.
What this means for you
- Workers: Changes to the unemployment trust fund may influence the benefits and contributions related to unemployment insurance.
- Small Business: If you own a small business, you may benefit from property tax exemptions on personal property valued under $10,000.
Summary
DEW UI Tax Code
Bill Text
- Full text View text Current html
Action History
-
Act No. 243
-
Effective date See Act for Effective Date
-
Signed By Governor
-
Ratified R 264
-
Ordered enrolled for ratification (House Journal-page 5)
-
Roll call Ayes-40 Nays-0 (Senate Journal-page 22)
-
Conference report received and adopted (Senate Journal-page 22)
-
Roll call Yeas-107 Nays-0 (House Journal-page 106)
-
Conference report received and adopted (House Journal-page 96)
-
Conference committee appointed Bennett, Williams, Massey (Senate Journal-page 21)
-
Conference committee appointed B Newton, Hewitt, Kirby (House Journal-page 90)
-
Roll call Yeas-0 Nays-114 (House Journal-page 46)
-
Non-concurrence in Senate amendment (House Journal-page 45)
-
Returned to House with amendments (Senate Journal-page 27)
-
Roll call Ayes-44 Nays-0 (Senate Journal-page 27)
-
House amendment amended (Senate Journal-page 27)
-
Read third time and returned to Senate with amendments (House Journal-page 23)
-
Roll call Yeas-115 Nays-0 (House Journal-page 95)
-
Read second time (House Journal-page 92)
-
Amended (House Journal-page 92)
-
Scrivener's error corrected
-
Committee report: Favorable with amendment Ways and Means (House Journal-page 2)
-
Referred to Committee on Ways and Means (House Journal-page 18)
-
Introduced and read first time (House Journal-page 18)
-
Roll call Ayes-45 Nays-0 (Senate Journal-page 29)
-
Read third time and sent to House (Senate Journal-page 29)
-
Amended (Senate Journal-page 29)
-
Roll call Ayes-43 Nays-0 (Senate Journal-page 24)
-
Read second time (Senate Journal-page 24)
-
Scrivener's error corrected
-
Committee report: Favorable Labor, Commerce and Industry (Senate Journal-page 8)
-
Referred to Committee on Labor, Commerce and Industry (Senate Journal-page 17)
-
Introduced and read first time (Senate Journal-page 17)
-
Referred to Committee on Labor, Commerce and Industry
-
Prefiled
Sponsors
- Senator Josh Kimbrell · Cosponsor
- Senator A. Shane Massey · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 1 co-sponsors · 168 not signed on · 109 voted No
Sponsors (1)
Co-sponsors (1)
Not signed on (168)
168 members have not signed on to this bill.
Show all 168 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 0 | 0 | 0 | 2 |
| Total | 0 | 0 | 0 | 2 |
| % of votes cast | 0% | 0% | 0% | 100% |
How each member voted (2)
| Member | Party | Vote |
|---|---|---|
| Senator Carlisle Kennedy | — | Not Voting |
| Senator Darrell Jackson | — | Not Voting |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 0 | 0 | 0 | 3 |
| Total | 0 | 0 | 0 | 3 |
| % of votes cast | 0% | 0% | 0% | 100% |
How each member voted (3)
| Member | Party | Vote |
|---|---|---|
| Senator Billy Garrett | — | Not Voting |
| Senator Carlisle Kennedy | — | Not Voting |
| Senator Matthew W. "Matt" Leber | — | Not Voting |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 0 | 109 | 0 | 10 |
| Republican | 0 | 2 | 0 | 0 |
| Democrat | 0 | 2 | 0 | 0 |
| Total | 0 | 113 | 0 | 10 |
| % of votes cast | 0% | 92% | 0% | 8% |
How each member voted (123)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 109 | 0 | 0 | 9 |
| Republican | 3 | 0 | 0 | 0 |
| Democrat | 2 | 0 | 0 | 0 |
| Total | 114 | 0 | 0 | 9 |
| % of votes cast | 93% | 0% | 0% | 7% |
How each member voted (123)
Subjects
Frequently asked questions
- What does S 0688 do?
- DEW UI Tax Code
- Who sponsors S 0688?
- S 0688 is sponsored by Senator Josh Kimbrell and Senator A. Shane Massey.
- What is the current status of S 0688?
- This bill has been enacted into law. Introduced December 10, 2025. Enacted.
- Where can I track S 0688?
- Track S 0688 free on One Click Politics — get push/email alerts when it moves.
Make your voice heard on S 0688
Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.
Stay ahead of S 0688
Last checked for changes 3 months ago · updated continuously
One Click Politics tracks every bill in Congress and all 50 states.
Track this bill →