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Session 126 - (2025-2026)Printer Friendly
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S 0768 General Bill, By Peeler, Alexander, Kimbrell, Verdin, Massey, Hembree, Turner, Williams, Rice, Stubbs, Davis, Garrett, Campsen, Martin, Leber, Zell, Grooms and Young
Similar (S 0223, H 3427, H 3511, H 4690)
Summary: Homestead exemption
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.
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Similar (S 0223, H 3427, H 3511, H 4690)
Summary: Homestead exemption
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.
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| 01/13/26 | Senate | Introduced and read first time (Senate Journal-page 46) |
| 01/13/26 | Senate | Referred to Committee on Finance (Senate Journal-page 46) |
| 01/21/26 | Senate | Committee report: Favorable with amendment Finance (Senate Journal-page 15) |
| 01/22/26 | Scrivener's error corrected | |
| 02/11/26 | Senate | Committee Amendment Adopted (Senate Journal-page 17) |
| 02/11/26 | Senate | Amended (Senate Journal-page 17) |
| 02/11/26 | Senate | Debate interrupted (Senate Journal-page 17) |
| 02/12/26 | Senate | Debate interrupted (Senate Journal-page 21) |
| 02/18/26 | Senate | Amended (Senate Journal-page 38) |
| 02/18/26 | Senate | Read second time (Senate Journal-page 38) |
| 02/18/26 | Senate | Roll call Ayes-44 Nays-0 (Senate Journal-page 38) |
| 02/19/26 | Senate | Amended (Senate Journal-page 11) |
| 02/19/26 | Senate | Read third time and sent to House (Senate Journal-page 11) |
| 02/19/26 | Senate | Roll call Ayes-44 Nays-0 (Senate Journal-page 11) |
| 02/23/26 | Scrivener's error corrected | |
| 02/24/26 | House | Introduced and read first time (House Journal-page 61) |
| 02/24/26 | House | Referred to Committee on Ways and Means (House Journal-page 61) |