South Carolina H 5006: Taxes
Status: Recommitted to Committee on Ways and Means (as of 2026-05-14)
State: South Carolina · Session: 2025-2026 · Bill: H 5006
Sponsors: Anderson, B. Newton, Bailey, Ballentine, Bamberg, Bannister, Bowers, Bradley, Brewer, Brittain, C. Mitchell, Calhoon, Caskey, Chapman, Cox, Cromer, Davis, Duncan, Erickson, Ford, Forrest, G.M. Smith, Gatch, Gilreath, Guest
Bill Text
South Carolina General Assembly 126th Session, 2025-2026 H. 5006 STATUS INFORMATION General Bill Sponsors: Reps. B. Newton, Long, Hewitt, M.M. Smith, Gatch, Schuessler, Stavrinakis, Hiott, Pope, Erickson, Hixon, Neese, Wooten, Ligon, Chapman, Forrest, Hartz, Guffey, Ford, Willis, Cox, Sanders, Vaughan, Oremus, Duncan, G.M. Smith, Bowers, Sessions, Bannister, Bailey, Brewer, Weeks, Landing, Moss, Bradley, Lawson, Rankin, Guest, Brittain, Lowe, T. Moore, Ballentine, Robbins, Martin, Caskey, Pedalino, Calhoon, Davis, W. Newton, C. Mitchell, Holman, Hardee, Taylor, Yow, Jordan, Haddon, Wickensimer, Bamberg, King, McDaniel, J.L. Johnson, Cromer, Gilreath and Anderson Document Path: LC-0396DG26.docx Introduced in the House on January 22, 2026 Introduced in the Senate on February 12, 2026 Last Amended on May 7, 2026 Currently residing in the House Committee on Ways and Means Summary: Taxes HISTORY OF LEGISLATIVE ACTIONS Date Body Action Description with journal page number 1/22/2026 House Introduced and read first time (House Journal‑page 27) 1/22/2026 House Referred to Committee on Ways and Means (House Journal‑page 27) 1/27/2026 House Member(s) request name added as sponsor: G.M. Smith 1/28/2026 House Member(s) request name added as sponsor: Bowers, Sessions, Bannister, Bailey 1/29/2026 House Member(s) request name added as sponsor: Brewer, Weeks 2/3/2026 House Member(s) request name added as sponsor: Landing, Moss, Bradley, Lawson, Rankin, Guest, Brittain, Lowe, T. Moore, Ballentine, Robbins, Martin, Caskey, Pedalino, Calhoon, Davis, W. Newton, C. Mitchell, Holman, Hardee, Taylor, Yow, Jordan, Haddon, Wickensimer 2/3/2026 House Committee report: Favorable with amendment Ways and Means (House Journal‑page 5) 2/4/2026 House Requests for debate-Rep(s). B Newton, McCravy, Lawson, Frank, Martin, Weeks, Jones, Vaughan (House Journal‑page 19) 2/4/2026 Scrivener's error corrected 2/10/2026 House Member(s) request name added as sponsor: Bamberg 2/11/2026 House Member(s) request name added as sponsor: King, McDaniel, J.L. Johnson, Cromer, Gilreath, Anderson 2/11/2026 House Amended (House Journal‑page 19) 2/11/2026 House Read second time (House Journal‑page 19) 2/11/2026 House Roll call Yeas-103 Nays-0 (House Journal‑page 22) 2/12/2026 House Read third time and sent to Senate (House Journal‑page 23) 2/12/2026 Senate Introduced and read first time (Senate Journal‑page 5) 2/12/2026 Senate Referred to Committee on Finance (Senate Journal‑page 5) 4/29/2026 Senate Committee report: Favorable Finance (Senate Journal‑page 20) 5/6/2026 Senate Amended (Senate Journal‑page 98) 5/6/2026 Senate Read second time (Senate Journal‑page 98) 5/7/2026 Scrivener's error corrected 5/7/2026 Senate Amended (Senate Journal‑page 22) 5/7/2026 Senate Read third time and returned to House with amendments (Senate Journal‑page 22) 5/7/2026 Senate Roll call Ayes-46 Nays-0 5/12/2026 House Debate adjourned (House Journal‑page 115) 5/13/2026 House Debate adjourned (House Journal‑page 97) 5/14/2026 House Recommitted to Committee on Ways and Means (House Journal‑page 108) View the latest legislative information at the website VERSIONS OF THIS BILL 01/22/2026 02/03/2026 02/04/2026 02/11/2026 04/29/2026 05/06/2026 05/07/2026 05/07/2026-A Indicates Matter Stricken Indicates New Matter Amended May 6, 2026 H. 5006 Introduced by Reps. B. Newton, Long, Hewitt, M. M. Smith, Gatch, Schuessler, Stavrinakis, Hiott, Pope, Erickson, Hixon, Neese, Wooten, Ligon, Chapman, Forrest, Hartz, Guffey, Ford, Willis, Cox, Sanders, Vaughan, Oremus, Duncan, G. M. Smith, Bowers, Sessions, Bannister, Bailey, Brewer, Weeks, Landing, Moss, Bradley, Lawson, Rankin, Guest, Brittain, Lowe, T. Moore, Ballentine, Robbins, Martin, Caskey, Pedalino, Calhoon, Davis, W. Newton, C. Mitchell, Holman, Hardee, Taylor, Yow, Jordan, Haddon, Wickensimer, Bamberg, King, McDaniel, J. L. Johnson, Cromer, Gilreath and Anderson S. Printed 5/6/26--S. [SEC 5/7/2026 11:31 AM] Read the first time February 12, 2026 ________ A bill TO AMEND THE SOUTH CAROLINA CODE OF LAWS SO AS TO ENACT THE “STATE OF SOUTH CAROLINA SMALL BUSINESS TAX CUT OF 2026”; BY AMENDING SECTION 12‑37‑220, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT THE FIRST TEN THOUSAND DOLLARS OF NET DEPRECIATED VALUE OF BUSINESS PERSONAL PROPERTY OWNED BY A SMALL BUSINESS; BY AMENDING SECTION 12‑37‑900, RELATING TO PROPERTY TAX RETURNS, SO AS TO PROVIDE THAT A TAXPAYER IS NOT REQUIRED TO RETURN BUSINESS PERSONAL PROPERTY FOR TAXATION IF THE TAXPAYER HAS LESS THAN TEN THOUSAND DOLLARS OF NET DEPRECIATED VALUE OF BUSINESS PERSONAL PROPERTY; BY ADDING SECTION 12‑37‑980 SO AS TO REQUIRE THAT ALL BUSINESS PERSONAL PROPERTY REQUIRED TO BE RETURNED FOR TAXATION TO BE RETURNED TO THE DEPARTMENT OF REVENUE; BY AMENDING SECTION 12‑20‑50, RELATING TO THE LICENSE TAX ON
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