South Carolina S 774: Income Tax

Bill Text

2025-2026 Bill 774 Text of Previous Version (Jan. 13, 2026) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 774

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 
59-40-245 SO AS TO REDUCE STATE AID TO CLASSROOM DISTRIBUTION TO SCHOOL 
DISTRICTS IN AN AMOUNT EQUAL TO THE DISTRICT'S LOCAL REVENUE PER PUPIL FOR EACH 
STUDENT IN THE DISTRICT THAT ATTENDS A STATEWIDE AUTHORIZED CHARTER SCHOOL.

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

SECTION 1. Chapter 40, Title 59 of the S.C. Code is amended by 
adding:

 Section 
59-40-245. (A) Notwithstanding any 
other provision of law, the Department of Education shall reduce the State Aid 
to Classrooms distribution to school districts in an amount equal to the 
district's local revenue per pupil, excluding revenues of local bond issues, for 
the prior fiscal year as determined by the Revenue and Fiscal Affairs Office, 
for each student in the district that attends a South Carolina public charter 
school authorized by the South Carolina Public Charter School District or an 
institution of higher learning. The reduction must be made in equal 
installments.

 (B) 
From the funds withheld pursuant to subsection (A), the Department of Education 
shall add to the funds distributed to the South Carolina Public Charter School 
District and any institution of higher learning authorizing a public charter 
school the same local revenue per pupil for each student attending the public 
charter school. The addition must be made in equal installments.

SECTION 2. This act takes effect upon approval 
by the Governor.

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This web page was last updated on January 13, 2026 at 12:34 PM