South Carolina H 3409: Gambling and gaming

Bill Text

2025-2026 Bill 3409 Text of Previous Version (Dec. 06, 2024) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 3409

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 AMENDING SECTION 12-6-3515, RELATING TO THE INCOME TAX 
CREDIT FOR CONSERVATION OR QUALIFIED CONSERVATION CONTRIBUTION OF REAL 
PROPERTY, SO AS TO INCREASE THE AMOUNT OF THE CREDIT ALLOWED.

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

SECTION 1. Section 12-6-3515(C) of the S.C. Code is amended to 
read:

 (C)(1) The credit provided for in this 
section may not exceed two hundred fifty one thousand dollars per acre of property to which the 
qualified conservation contribution or gift of land for conservation applies. 
For the purpose of calculating the per acre tax credit cap of this subsection, 
all upland and wetland acreage subject to the qualified conservation 
contribution shall be taken into account, except for property lying within the 
intertidal zone. All other wetland acreage subject to the qualified 
conservation contribution including, but not limited to, ponds, wetland 
impoundments, hardwood bottomlands, and Carolina Bays shall be taken into 
account when calculating the two hundred fifty one thousand dollar per acre tax credit cap.

 (2) 
Regardless of the amount of the credit allowed by this section, the total 
credit a taxpayer may use under this section for any particular taxable year 
may not exceed fifty-two thousand five hundred one hundred five thousand dollars.

 (3) 
For purposes of applying the per acre limitation and per taxpayer limitation on 
the credit allowed by this section, the attribution rules of Section 267 of the 
Internal Revenue Code apply.

SECTION 2. This act takes effect upon approval 
by the Governor and first applies to income tax years beginning after 2024.

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This web page was last updated on December 06, 2024 at 11:39 AM