South Carolina 126th General Assembly Status: Introduced

S 0768 — A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-37-250, RELATING TO THE HOMESTEAD EXEMPTION, SO AS TO INCREASE THE EXEMPTION TO ONE HUNDRED THOUSAND DOLLARS AND TO REDUCE THE AGE ELIGIBILITY TO SIXTY; BY AMENDING SECTION 12-37-266, RELATING TO THE HOMESTEAD EXEMPTION, SO AS TO MAKE A CONFORMING CHANGE; BY AMENDING SECTION 12-37-280, RELATING TO THE HOMESTEAD EXEMPTION, SO AS TO MAKE A CONFORMING CHANGE; BY AMENDING SECTION 12-37-290, RELATING TO THE HOMESTEAD EXEMPTION, SO AS TO MAKE A CONFORMING CHANGE; BY AMENDING SECTION 12-37-220, RELATING TO GENERAL EXEMPTION FROM TAXES, SO AS TO MAKE A CONFORMING CHANGE; BY AMENDING SECTION 11-11-150, RELATING TO DEDUCTIONS FOR THE TRUST FUND FOR TAX RELIEF, SO AS TO MAKE A CONFORMING CHANGE; AND BY REPEALING SECTION 12-37-245 RELATING TO THE HOMESTEAD EXEMPTION.

Last action — Referred to Committee on Ways and Means (House Journal-page 61)

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  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the Senate. Introduced January 13, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Stalled 4% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • Introduced

    Current position in the legislative process.

  • 18 sponsors

    1 primary, 17 co-sponsors signed on.

  • Failed a recorded vote

    Failed 2 recorded votes so far — a real headwind.

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.

Summary

Homestead exemption

Bill Text

How this bill changes current law

3 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill increases the homestead exemption amount and lowers the age eligibility requirement for applicants in South Carolina.

  • Section 12-37-250

    the exemption to, an amount of the fair market value of the dwelling place of eligible persons shall be one hundred thousand dollars. → to increase the exemption to one hundred thousand dollars and to reduce the age eligibility to sixty;

    Increases the homestead exemption amount and lowers the age requirement from the previous standard.

  • Section 12-37-245

    Section 12-37-245

    Repeals the existing law relating to the homestead exemption.

  • Section 11-11-150

    (6) Section 12-37-270 for the homestead exemption allowed pursuant to Section 12-37-253;

    Adds a reference to the new homestead exemption section for deductions related to tax relief.

Action History

  1. Referred to Committee on Ways and Means (House Journal-page 61)

  2. Introduced and read first time (House Journal-page 61)

  3. Scrivener's error corrected

  4. Roll call Ayes-44 Nays-0 (Senate Journal-page 11)

  5. Read third time and sent to House (Senate Journal-page 11)

  6. Amended (Senate Journal-page 11)

  7. Roll call Ayes-44 Nays-0 (Senate Journal-page 38)

  8. Read second time (Senate Journal-page 38)

  9. Amended (Senate Journal-page 38)

  10. Debate interrupted (Senate Journal-page 21)

  11. Debate interrupted (Senate Journal-page 17)

  12. Amended (Senate Journal-page 17)

  13. Committee Amendment Adopted (Senate Journal-page 17)

  14. Scrivener's error corrected

  15. Committee report: Favorable with amendment Finance (Senate Journal-page 15)

  16. Referred to Committee on Finance (Senate Journal-page 46)

  17. Introduced and read first time (Senate Journal-page 46)

Sponsors

Sponsorship breakdown

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1 sponsors · 17 co-sponsors · 152 not signed on · 9 voted No

Sponsors (1)

Co-sponsors (17)

Not signed on (152)

152 members have not signed on to this bill.

Show all 152 →

"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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

to lay on the table Amendment number 6

Failed 0 Yea · 10 Nay · 4 Other
Party YeaNayPresentNot Voting
Unaffiliated 01004
Total 01004
% of votes cast 0%71%0%29%
How each member voted (14)
Member Party Vote
Senator Allen Blackmon — Not Voting
Senator Carlisle Kennedy — Not Voting
Senator Deon T. Tedder — Nay
Senator Lee Bright — Nay
Senator Margie Bright Matthews — Not Voting
Senator Matthew W. "Matt" Leber — Nay
Senator Mike Reichenbach — Nay
Senator Overture Walker — Not Voting
Senator Richard J. Cash — Nay
Senator Russell L. Ott — Nay
Senator Tameika Isaac Devine — Nay
Senator Thomas D. "Tom" Corbin — Nay
Senator Tom Fernandez — Nay
Senator Wes Climer — Nay

Official roll call →

Subjects

taxation housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S 0768 do?
Homestead exemption
Who sponsors S 0768?
S 0768 is sponsored by Senator Tom Young, Jr., Senator Lawrence K. "Larry" Grooms, Senator Jeff Zell, Senator Matthew W. "Matt" Leber, Senator Shane R. Martin, Senator George E. "Chip" Campsen III, Senator Billy Garrett, Senator Tom Davis, Senator Everett Stubbs, Senator Rex F. Rice, Senator Kent M. Williams, Senator Ross Turner, Senator Greg Hembree, Senator A. Shane Massey, Senator Daniel B. "Danny" Verdin III, Senator Josh Kimbrell, Senator Thomas C. Alexander, and Senator Harvey S. Peeler, Jr..
What is the current status of S 0768?
This bill has been introduced in the Senate. Introduced January 13, 2026. It must pass committee before a floor vote.
Where can I track S 0768?
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