South Carolina 2025-2026 Regular Session Status: In Committee

S 890 — Small Business Property Tax Relief

Last action — Referred to Committee on Finance

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  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 February 04, 2026. 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 CREATE A TEN THOUSAND DOLLAR PROPERTY TAX CREDIT FOR SMALL BUSINESSES.

Bill Text

What changed in the latest version

35 added · 1 removed

Plain-language change summary

The amended version of Bill 890 introduces a new property tax credit specifically for small businesses in South Carolina, providing up to $10,000 in tax relief. To qualify, businesses must be registered and headquartered in the state, owned by residents who pay state income taxes, independently operated, and either employ fewer than 100 full-time workers or have annual sales under $3 million. This change aims to support small businesses, helping to alleviate financial burdens and promote local economic growth.

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2025-2026 Bill 890 Text of Previous Version (Feb.
04, 2026) - South Carolina Legislature Online South Carolina General Assembly126th Session, 2025-2026Bill 890Indicates 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 CREATE A TEN THOUSAND DOLLAR property TAX CREDIT FOR SMALL BUSINESSES.
  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) is owned by a resident or 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 three million dollars.
    (B)(1) In addition to the exemptions provided in Section 12-37-220(A) and (B), a taxpayer who is a majority owner of a small business, as defined in this section, is entitled to a property bill tax credit of ten thousand dollars.
       (2) A taxpayer shall not use the tax credit in this section more than one time each tax year.
  SECTION 2.  This act takes effect upon approval by the Governor.
----XX---- This web page was last updated on February 04, 2026 at 01:20 PM
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How this bill changes current law

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

The bill adds a new property tax credit for small businesses in South Carolina.

  • 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) is owned by a resident or 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 three million dollars. (B)(1) In addition to the exemptions provided in Section 12-37-220(A) and (B), a taxpayer who is a majority owner of a small business, as defined in this section, is entitled to a property bill tax credit of ten thousand dollars. (2) A taxpayer shall not use the tax credit in this section more than one time each tax year.

    This addition establishes a property tax credit for eligible small business owners.

Action History

  1. Referred to Committee on Finance

  2. Introduced and read first time

Sponsors

Sponsorship breakdown

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

Co-sponsors (0)

None.

Not signed on (168)

168 members have not signed on to this bill.

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"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

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Frequently asked questions

What does S 890 do?
A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-37-221 SO AS TO CREATE A TEN THOUSAND DOLLAR PROPERTY TAX CREDIT FOR SMALL BUSINESSES.
Who sponsors S 890?
S 890 is sponsored by Senator Carlisle Kennedy and Senator Matthew W. "Matt" Leber.
What is the current status of S 890?
This bill is in committee in the Senate. Introduced February 04, 2026. It must pass committee before a floor vote.
Where can I track S 890?
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