South Carolina H 4708: A.C. Flora HS cheer champs

Bill Text

2025-2026 Bill 4708 Text of Previous Version (Dec. 17, 2025) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 4708

Indicates Matter Stricken
Indicates 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 
12-6-3830 SO AS TO ALLOW RESIDENT INDIVIDUAL TAXPAYERs A FIRST-TIME HOMEBUYER 
INCOME TAX CREDIT, AND TO SPECIFY ELIGIBILITY REQUIREMENTS FOR THE CREDIT.

Be it enacted by the 
General Assembly of the State of South Carolina:

SECTION 1. Article 25, Chapter 6, Title 12 of the S.C. Code is 
amended by adding:

 Section 
12-6-3830. (A) A resident 
individual taxpayer is allowed a first-time homebuyer refundable income tax 
credit. The credit is equal to one percent of the purchase price of the home, 
but not to exceed three thousand dollars. The credit must be taken in equal 
installments over three tax years, beginning with the tax year in which the 
home is purchased.

 (B) To 
qualify for the credit allowed by this section, the resident individual 
taxpayer must not have:

 (1) 
owned a home in any jurisdiction before the qualifying purchase; and

 (2) 
filed a return, whether individually or jointly, claiming the credit allowed 
pursuant to this section.

 (C) 
Notwithstanding subsection (B)(1), if the taxpayer meets all the other 
requirements of this section, the taxpayer is not rendered ineligible for the 
credit allowed by this section if the taxpayer previously owned a home:

 (1) 
while as a homemaker, owned a home with his or her spouse or resided in a home 
owned by the spouse and is displaced at the time of the qualifying purchase;

 (2) 
while married, owned a home with his or her spouse or resided in a home owned 
by the spouse and is a single parent at the time of the qualifying purchase;

 (3) 
that was not permanently affixed to a permanent foundation in accordance with 
local or other applicable regulations; or

 (4) 
that was not in compliance with state, local, or model building codes, or other 
applicable codes, and cannot be brought into compliance with such codes for 
less than the cost of constructing a permanent structure.

 (D) 
The department shall prescribe the form and manner of proof required to obtain 
the credit allowed by this section. The department may adopt rules and 
promulgate regulations necessary to administer the provisions of this section.

SECTION 2. This act takes effect upon approval 
by the Governor and first applies to qualifying purchases made after 2025.

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This web page was last updated on December 17, 2025 at 01:20 PM