South Carolina 2025-2026 Regular Session Status: In Committee

S 151 — Small Business Property Tax Relief

Last action — Referred to Committee on Finance

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

This bill is in committee in the Senate. Introduced December 11, 2024. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Stalled 16% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 2 sponsors

    2 primary, 0 co-sponsors signed on.

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

A BILL TO 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.

Bill Text

What changed in the latest version

34 added · 3 removed

34 line(s) added, 3 removed.

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2025-2026 Bill 151 Text of Previous Version (Dec.
11, 2024) - South Carolina Legislature Online South Carolina General Assembly126th Session, 2025-2026Bill 151Indicates Matter StrickenIndicates New Matter(Text matches printed bills.
Document has been reformatted to meet World Wide Web specifications.)                 A bill   TO 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.
  Be it enacted by the General Assembly of the State of South Carolina:
  SECTION 1.  Chapter 37, Title 12 of the S.C.
Code is amended by adding:
      Section 12-37-221.
(A) For the purposes of this section, "small business" means a commercial retail service, industry entity, or nonprofit corporation, including affiliates, that:
       (1) is registered, incorporated, and headquartered in this State;
       (2) the business' ownership is comprised of residents of this State who pay income taxes in this State;
       (3) is independently owned and operated;
and        (4) employs fewer than one hundred full-time employees or has gross annual sales or program service revenues of less than ten million dollars.
    (B) In addition to the exemptions provided in Section 12-37-220(A) and (B), 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.
  SECTION 2.  This act takes effect upon approval by the Governor.
----XX---- This web page was last updated on December 11, 2024 at 04:44 PM
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Action History

  1. Referred to Committee on Finance

  2. Introduced and read first time

  3. Referred to Committee on Finance

  4. Prefiled

Sponsors

Sponsorship breakdown

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2 sponsors · 0 co-sponsors · 168 not signed on

Sponsors (2)

Co-sponsors (0)

None.

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.

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

Subjects

taxation
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 151 do?
A BILL TO 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.
Who sponsors S 151?
S 151 is sponsored by Senator Carlisle Kennedy and Senator Matthew W. "Matt" Leber.
What is the current status of S 151?
This bill is in committee in the Senate. Introduced December 11, 2024. It must pass committee before a floor vote.
Where can I track S 151?
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