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South Carolina · 2025-2026 Regular Session · Bill

H 5006: Taxes

Passed both chambers Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

H 5006 is a bill introduced in the South Carolina House on January 22, 2026. According to its official title, it concerns: Taxes. Primary sponsor: Brandon Newton (Republican), Steven Long (Republican), Lee Hewitt (Republican), Mark Smith (Republican), Gil Gatch (Republican), Carla Schuessler (Republican), Leon Stavrinakis (Democratic), Davey Hiott (Republican), Tommy Pope (Republican), Shannon Erickson (Republican), Bill Hixon (Republican), Mike Neese (Republican), Chris Wooten (Republican), Randy Ligon (Republican), Don Chapman (Republican), Cal Forrest (Republican), Charlie Hartz (Republican), Brandon Guffey (Republican), Greg Ford (Republican), Mark Willis (Republican), Brandon Cox (Republican), Blake Sanders (Republican), David Vaughan (Republican), Melissa Oremus (Republican), Adam Duncan (Republican), Murrell Smith (Republican), Phillip Bowers (Republican), Heath Sessions (Republican), Bruce Bannister (Republican), William Bailey (Republican), Gary Brewer (Republican), David Weeks (Democratic), Kathy Landing (Republican), Dennis Moss (Republican), Jeff Bradley (Republican), Brian Lawson (Republican), Luke Rankin (Republican), Val Guest (Republican), Case Brittain (Republican), Phillip Lowe (Republican), Travis Moore (Republican), Nathan Ballentine (Republican), Robby Robbins (Republican), David Martin (Republican), Micah Caskey (Republican), Fawn Pedalino (Republican), Paula Calhoon (Republican), Sylleste Davis (Republican), Weston Newton (Republican), Cody Mitchell (Republican), Harriet Holman (Republican), Kevin Hardee (Republican), Bill Taylor (Republican), Richie Yow (Republican), Jay Jordan (Republican), Patrick Haddon (Republican), Paul Wickensimer (Republican), Justin Bamberg (Democratic), John King (Democratic), Annie McDaniel (Democratic), Jermaine Johnson (Democratic), April Cromer (Republican), Lee Gilreath (Republican), Carl Anderson (Democratic). Most recent recorded action (May 14, 2026): Recommitted to Committee on Ways and Means.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

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 CORPORATIONS, SO AS TO PROVIDE THAT, UNDER CERTAIN CIRCUMSTANCES, THE FEE DOES NOT APPLY TO ANY PORTION OF THE FIRST FIFTY MILLION DOLLARS OF CERTAIN CAPITAL STOCK AND PAID-IN OR CAPITAL SURPLUS; AND BY AMENDING SECTION 33-44-409, RELATING TO STANDARDS OF CONDUCT OF A CORPORATE OFFICER, SO AS TO PROVIDE AN EXCEPTION TO REFRAINING FROM COMPETING.

Sponsors

Sponsors by party (alphabetical): Democratic 7 · Republican 57

NameRolePartyChamberDistrict
Brandon NewtonPrimary sponsorRepublicanHouse45
Steven LongPrimary sponsorRepublicanHouse37
Lee HewittPrimary sponsorRepublicanHouse108
Mark SmithPrimary sponsorRepublicanHouse99
Gil GatchPrimary sponsorRepublicanHouse94
Carla SchuesslerPrimary sponsorRepublicanHouse61
Leon StavrinakisPrimary sponsorDemocraticHouse119
Davey HiottPrimary sponsorRepublicanHouse4
Tommy PopePrimary sponsorRepublicanHouse47
Shannon EricksonPrimary sponsorRepublicanHouse124
Bill HixonPrimary sponsorRepublicanHouse83
Mike NeesePrimary sponsorRepublicanHouse44
Chris WootenPrimary sponsorRepublicanHouse69
Randy LigonPrimary sponsorRepublicanHouse43
Don ChapmanPrimary sponsorRepublicanHouse8
Cal ForrestPrimary sponsorRepublicanHouse39
Charlie HartzPrimary sponsorRepublicanHouse81
Brandon GuffeyPrimary sponsorRepublicanHouse48
Greg FordPrimary sponsorRepublicanHouse98
Mark WillisPrimary sponsorRepublicanHouse16
Brandon CoxPrimary sponsorRepublicanHouse92
Blake SandersPrimary sponsorRepublicanHouse9
David VaughanPrimary sponsorRepublicanHouse27
Melissa OremusPrimary sponsorRepublicanHouse84
Adam DuncanPrimary sponsorRepublicanHouse2
Murrell SmithPrimary sponsorRepublicanHouse67
Phillip BowersPrimary sponsorRepublicanHouse3
Heath SessionsPrimary sponsorRepublicanHouse46
Bruce BannisterPrimary sponsorRepublicanHouse24
William BaileyPrimary sponsorRepublicanHouse104
Gary BrewerPrimary sponsorRepublicanHouse114
David WeeksPrimary sponsorDemocraticHouse51
Kathy LandingPrimary sponsorRepublicanHouse80
Dennis MossPrimary sponsorRepublicanHouse29
Jeff BradleyPrimary sponsorRepublicanHouse123
Brian LawsonPrimary sponsorRepublicanHouse30
Luke RankinPrimary sponsorRepublicanHouse14
Val GuestPrimary sponsorRepublicanHouse106
Case BrittainPrimary sponsorRepublicanHouse107
Phillip LowePrimary sponsorRepublicanHouse60
Travis MoorePrimary sponsorRepublicanHouse33
Nathan BallentinePrimary sponsorRepublicanHouse71
Robby RobbinsPrimary sponsorRepublicanHouse97
David MartinPrimary sponsorRepublicanHouse26
Micah CaskeyPrimary sponsorRepublicanHouse89
Fawn PedalinoPrimary sponsorRepublicanHouse64
Paula CalhoonPrimary sponsorRepublicanHouse87
Sylleste DavisPrimary sponsorRepublicanHouse100
Weston NewtonPrimary sponsorRepublicanHouse120
Cody MitchellPrimary sponsorRepublicanHouse65
Harriet HolmanPrimary sponsorRepublicanHouse102
Kevin HardeePrimary sponsorRepublicanHouse105
Bill TaylorPrimary sponsorRepublicanHouse86
Richie YowPrimary sponsorRepublicanHouse53
Jay JordanPrimary sponsorRepublicanHouse63
Patrick HaddonPrimary sponsorRepublicanHouse19
Paul WickensimerPrimary sponsorRepublicanHouse22
Justin BambergPrimary sponsorDemocraticHouse90
John KingPrimary sponsorDemocraticHouse49
Annie McDanielPrimary sponsorDemocraticHouse41
Jermaine JohnsonPrimary sponsorDemocraticHouse52
April CromerPrimary sponsorRepublicanHouse6
Lee GilreathPrimary sponsorRepublicanHouse7
Carl AndersonPrimary sponsorDemocraticHouse103

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Recommitted to Committee on Ways and Means
  2. Debate adjourned
  3. Debate adjourned
  4. Roll call Ayes-46 Nays-0
  5. Read third time and returned to House with amendments
  6. Amended
  7. Scrivener's error corrected
  8. Read second time
  9. Amended
  10. Committee report: Favorable Finance
  11. Referred to Committee on Finance
  12. Introduced and read first time

Showing 12 most recent of 27 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source