South Carolina S 768: Inman, William to serve on Savannah River Site Research Authority Board of Directors

Bill Text

2025-2026 Bill 768 Text of Previous Version (Feb. 23, 2026) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 768

Indicates Matter Stricken
Indicates New Matter

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

Indicates Matter Stricken

Indicates New Matter

As Passed By The Senate

February 19, 2026

S. 768

Introduced by Senators Peeler, Alexander, 
Kimbrell, Verdin, Massey, Hembree, Turner, Williams, Rice, Stubbs, Davis, 
Garrett, Campsen, Martin, Leber, Zell, Grooms and Young 

S. Printed 2/19/26--S. [SEC 
2/23/2026 4:18 PM]

Read the first time January 13, 2026

________

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.

 Amend Title To Conform

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

SECTION 1. Article 3, Chapter 37, Title 12 of the S.C. Code is 
amended by adding:

 Section 
12-37-253. (A) Any eligible person 
may claim an exemption from county, municipal, school, and special assessment 
real property taxes equal to an amount of the fair market value on the person's 
dwelling place as set forth in subsection (C). A person may not claim this 
exemption and the exemption set forth in Section 12-37-250 and a person must be 
eligible for this exemption to claim the exemption set forth in Section 
12-37-250. For purposes of eligibility, application, and reimbursement, this 
exemption must be administered in the same manner as the exemption allowed 
pursuant to Section 12-37-250, including the application of other laws 
affecting the exemption allowed pursuant to Section 12-37-250, mutatis 
mutandis. For a person eligible for this exemption pursuant to subsection 
(B)(1), the previous application for the exemption allowed pursuant to Section 
12-37-250 must be considered the application for this exemption.

 (B) A 
person becomes eligible for this additional exemption:

 (1) 
if the person was eligible to claim the exemption pursuant to Section 12-37-250 
in Property Tax Year 2025 and otherwise qualifies;

 (2)(a) when the person meets the 
requirements of Section 12-37-250(A)(1)(i), (ii), or (iii); and

 (b) 
when the person has been a resident of this State for at least five entire 
property tax years and filed an individual income tax return for at least five 
tax years in this State at any time before the application; or

 (3)(a) when the person meets the 
requirements of Section 12-37-250(A)(1)(i), (ii), or (iii); and

 (b) 
when the person has been a resident of this State for at least ten entire property 
tax years and filed an individual income tax return for at least ten tax years 
in this State at any time before the application.

 (C) A 
person who qualifies for this exemption pursuant to item (B)(1) or (B)(3) 
qualifies for a one hundred fifty thousand dollar exemption. A person who 
qualifies for this exemption pursuant to item (B)(2) qualifies for a 
seventy-five thousand dollar exemption. The exemption amounts set forth in this 
subsection are not cumulative and may not be combined.

 (D) 
By ordinance, a governing body of a county may increase the exemption allowed 
by this section, however, any taxes not collected as a result of the increase 
in the exemption are not eligible for reimbursement.

SECTION 2. Section 11-11-150(A) of the S.C. Code is amended by 
adding:

 (6) Section 12-37-270 for the 
homestead exemption allowed pursuant to Section 12-37-253;

SECTION 3. Section 
12-37-245 of the S.C. Code is repealed.

SECTION 4. Chapter 45, Title 12 of the S.C. Code is amended by 
adding:

 Section 
12-45-72. In addition to the requirements provided in Section 12-60-2510, a 
property tax notice or assessment must include an itemized list of any 
homestead exemption received by the taxpayer and a notation of State 
Legislature Aiding in Saving Homes (SLASH), the amount in which the 
individual's property tax bill was reduced, and in the amount, if any, in which 
the State reimbursed the local taxing authorities on behalf of the individual.

SECTION 5. If any section, subsection, 
paragraph, subparagraph, sentence, clause, phrase, or word of this act is for 
any reason held