South Carolina H 4693: Secure the border

Bill Text

2025-2026 Bill 4693 Text of Previous Version (Dec. 17, 2025) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 4693

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 
12-6-3796 SO AS TO ALLOW AN ALTERNATIVE LOW-INCOME HOUSING TAX CREDIT FOR 
PRESERVING EXISTING BUILDINGS AND HOUSING RESOURCES TO PROVIDE LOW-INCOME 
HOUSING.

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 
12-6-3796. (A) As an alternative to 
the credit provided pursuant to Section 12-6-3795, there is allowed an income 
tax credit equal to ten percent of the federal low-income housing tax credit. 
The credits only may be awarded by a small public housing agency, as defined by 
the Department of Housing and Urban Development that is located in a rural area 
or more than half of its combined public housing units and voucher units are 
located in a rural area. A taxpayer may not be awarded this credit if the 
taxpayer also claims the credit allowed pursuant to Section 12-6-3795 for the 
same project.

 (B) 
The credit only may be awarded to preserve existing buildings, homes, and 
housing resources to be used to provide low-income housing.

 (C) 
The credit allowed by this section only may be awarded to the extent that funds 
exist from the federal 9 percent tax credit to cover the cost of the credit.

 (D) 
The department shall coordinate with the South Carolina State Housing Finance 
and Development Authority to implement the provisions of this section.

SECTION 2. This act takes effect upon approval 
by the Governor and first applies to tax years beginning after 2025.

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This web page was last updated on December 17, 2025 at 01:53 PM