2025-2026 Bill 866 Text of Previous Version (Mar.(Jan.

18,29, 2026) - South Carolina Legislature Online South Carolina General Assembly126th Session, 2025-2026Bill 866Indicates Matter StrickenIndicates New Matter(Text matches printed bills.

Document has been reformatted to meet World Wide Web specifications.) Committee  Report  March  18,  2026    S.    A bill   TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY enacting THE "MUNICIPAL TAX RELIEF ACT" by ADDING CHAPTER 41 TO TITLE 5 SO AS TO AUTHORIZE CERTAIN MUNICIPALITIES TO IMPOSE UP TO A ONE PERFECT SALES TAX TO PROVIDE PROPERTY TAX RELIEF TO OWNER-OCCUPIED HOMES AND TO FINANCE CERTAIN PROJECTS, TO SPECIFY THE MANNER IN WHICH THE TAX MUST BE IMPOSED AND ADMINISTERED AND THE MANNER IN WHICH THE PROPERTY TAX CREDIT IS CALCULATED.

866   Introduced by Senators Elliott and Turner   S.

Printed 3/18/26--S.

Read the first time January 29, 2026   ________   The committee on Senate Finance To whom was referred a Bill (S.

866) to amend the South Carolina Code of Laws by enacting the "Municipal Tax Relief Act" by adding Chapter 41 to Title 5 so as to authorize certain municipalities to, etc., respectfully Report:

That they have duly and carefully considered the same, and recommend that the same do pass:

  HARVEY PEELER for Committee.

  _______                 A bill   TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY enacting THE "MUNICIPAL TAX RELIEF ACT" by ADDING CHAPTER 41 TO TITLE 5 SO AS TO AUTHORIZE CERTAIN MUNICIPALITIES TO IMPOSE UP TO A ONE PERFECT SALES TAX TO PROVIDE PROPERTY TAX RELIEF TO OWNER-OCCUPIED HOMES AND TO FINANCE CERTAIN PROJECTS, TO SPECIFY THE MANNER IN WHICH THE TAX MUST BE IMPOSED AND ADMINISTERED AND THE MANNER IN WHICH THE PROPERTY TAX CREDIT IS CALCULATED.

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