South Carolina · 2025-2026 Regular Session · Bill
S 856: Community development corporation tax credit
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 856 is a bill introduced in the South Carolina Senate on January 28, 2026. According to its official title, it concerns: Community development corporation tax credit. Primary sponsor: Ronnie Cromer (Republican), Mike Gambrell (Republican), Ross Turner (Republican), Everett Stubbs (Republican), Karl Allen (Democratic), Jeff Zell (Republican), Darrell Jackson (Democratic). Most recent recorded action (January 28, 2026): Referred to Committee on Finance.
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 BY ADDING SECTION 12-6-3531 SO AS TO ALLOW A TAX CREDIT TO A TAXPAYER THAT INVESTS IN A COMMUNITY DEVELOPMENT CORPORATION OR IN A COMMUNITY FINANCIAL INSTITUTION.
Sponsors
Sponsors by party (alphabetical): Democratic 2 · Republican 5
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Ronnie Cromer | Primary sponsor | Republican | Senate | 18 |
| Mike Gambrell | Primary sponsor | Republican | Senate | 4 |
| Ross Turner | Primary sponsor | Republican | Senate | 8 |
| Everett Stubbs | Primary sponsor | Republican | Senate | 17 |
| Karl Allen | Primary sponsor | Democratic | Senate | 7 |
| Jeff Zell | Primary sponsor | Republican | Senate | 36 |
| Darrell Jackson | Primary sponsor | Democratic | Senate | 21 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Referred to Committee on Finance
- Introduced and read first time