SC H 5006

in committee

Taxes

South Carolina · 2026 Regular Session · lower

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Quick answers

Did SC H 5006 pass?

Not yet. SC H 5006 is in committee and has not come to a final vote. Latest recorded action (2026-05-14): Recommitted to Committee on Ways and Means

What is SC H 5006 about?

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.

Who sponsors SC H 5006?

B. Newton, Long, Hewitt and 61 others are the primary sponsors of SC H 5006.

Description

Introduced: 2026-01-22
Latest action: 2026-05-14 — Recommitted to Committee on Ways and Means
Bill type: bill
Last updated: —

Committees

Not provided by source.

Action timeline

Newest first

2026-05-14
Recommitted to Committee on Ways and Means
referral-committee
2026-05-13
Debate adjourned
2026-05-12
Debate adjourned
2026-05-07
Roll call Ayes-46 Nays-0
2026-05-07
Read third time and returned to House with amendments
passage,reading-3
2026-05-07
Amended
amendment-passage
2026-05-07
Scrivener's error corrected
2026-05-06
Read second time
reading-2
2026-05-06
Amended
amendment-passage
2026-04-29
Committee report: Favorable Finance
committee-passage-favorable
2026-02-12
Referred to Committee on Finance
referral-committee
2026-02-12
Introduced and read first time
introduction,reading-1
2026-02-12
Read third time and sent to Senate
passage,reading-3
2026-02-11
Roll call Yeas-103 Nays-0
2026-02-11
Read second time
reading-2
2026-02-11
Amended
amendment-passage
2026-02-11
Member(s) request name added as sponsor: King, McDaniel, J.L.Johnson, Cromer, Gilreath, Anderson
2026-02-10
Member(s) request name added as sponsor: Bamberg
2026-02-04
Scrivener's error corrected
2026-02-04
Requests for debate-Rep(s). B Newton, McCravy, Lawson, Frank, Martin, Weeks, Jones, Vaughan
2026-02-03
Committee report: Favorable with amendment Ways and Means
committee-passage-favorable
2026-02-03
Member(s) request name added as sponsor: Landing, Moss, Bradley, Lawson, Rankin, Guest, Brittain, Lowe, T.Moore, Ballentine, Robbins, Martin, Caskey, Pedalino, Calhoon, Davis, W.Newton, C.Mitchell, Holman, Hardee, Taylor, Yow, Jordan, Haddon, Wickensimer
2026-01-29
Member(s) request name added as sponsor: Brewer, Weeks
2026-01-28
Member(s) request name added as sponsor: Bowers, Sessions, Bannister, Bailey
2026-01-27
Member(s) request name added as sponsor: G.M.Smith
2026-01-22
Referred to Committee on Ways and Means
referral-committee
2026-01-22
Introduced and read first time
introduction,reading-1

Versions

FiledCompare
05/07/2026-ACompare
05/07/2026Compare
05/06/2026Compare
04/29/2026Compare
02/11/2026Compare
02/04/2026Compare
02/03/2026Compare
01/22/2026Compare

Documents

Votes

Passage of Bill
2026-02-11 · pass · 103-0
Member-level votes (124)
- Alexander, Terry: yes
- Anderson, Carl L.: yes
- Atkinson, Lucas: yes
- Bailey, William H.: yes
- Ballentine, Nathan: yes
- Bauer, Heather: yes
- Beach, Thomas: yes
- Bernstein, Beth E.: yes
- Bowers, Phillip: yes
- Bradley, Jeff: yes
- Brewer, Gary S., Jr.: yes
- Burns, James Mikell: yes
- Bustos, Joseph M.: yes
- Calhoon, Paula Rawl: yes
- Caskey, Micajah P., IV: yes
- Chapman, Donald G.: yes
- Chumley, William M.: yes
- Collins, Neal A.: yes
- Cox, Brandon L.: yes
- Crawford, Heather Ammons: yes
- Cromer, April: yes
- Davis, Sylleste H.: yes
- Dillard, Chandra E.: yes
- Duncan, Adam L.: yes
- Edgerton, Sarita L.: yes
- Erickson, Shannon S.: yes
- Ford, Greg: yes
- Forrest, Cally R., Jr.: yes
- Frank, Stephen: yes
- Gagnon, Craig A.: yes
- Garvin, Kambrell H.: yes
- Gatch, Gil: yes
- Gibson, Daniel: yes
- Gilliam, Leon D.: yes
- Gilreath, Thomas Lee: yes
- Govan, Jerry N., Jr.: yes
- Grant, Hamilton R.: yes
- Guest, Thomas Duval, Jr.: yes
- Guffey, Brandon: yes
- Haddon, Patrick B.: yes
- Hager, William: yes
- Hardee, Kevin: yes
- Harris, Robert J.: yes
- Hart, Christopher R.: yes
- Hartnett, Thomas F., Jr.: yes
- Hartz, Charles V.: yes
- Hayes, Jackie E.: yes
- Henderson-Myers,, Rosalyn D., Ph.D.: yes
- Herbkersman, William G.: yes
- Hewitt, Lee: yes
- Hiott, David R.: yes
- Hixon, William M.: yes
- Holman, Harriet A.: yes
- Huff, William C.: yes
- Johnson, Jermaine L., Sr.: yes
- Jones, Wendell K.: yes
- Kilmartin, John Gregory: yes
- King, John Richard C.: yes
- Kirby, Roger K.: yes
- Landing, Kathy: yes
- Lastinger, John T., Jr.: yes
- Lawson, M. Brian: yes
- Ligon, Thomas R.: yes
- Long, Steven Wayne: yes
- Magnuson, Josiah: yes
- McCabe, Donald Ryan, Jr.: yes
- McCravy, John R., III: yes
- McDaniel, Annie E.: yes
- McGinnis, Timothy A.: yes
- Mitchell, Cody T.: yes
- Mitchell, Dianne: yes
- Montgomery, W. Scott, IV: yes
- Morgan, T. Alan, Jr.: yes
- Moss, Dennis C.: yes
- Neese, Mike M.: yes
- Newton, Brandon: yes
- Oremus, Melissa Lackey: yes
- Pace, Jordan S.: yes
- Pedalino, Fawn M.: yes
- Pope, Thomas E.: yes
- Rankin, Luke S.: yes
- Reese, Robert T.: yes
- Rivers, Michael F., Sr.: yes
- Robbins, Robby: yes
- Rose, Seth: yes
- Rutherford, J. Todd: yes
- Sanders, Richard Blake: yes
- Schuessler, Carla: yes
- Scott, Keishan M.: yes
- Smith, G. Murrell, Jr.: yes
- Stavrinakis, Leonidas E.: yes
- Taylor, Bill: yes
- Teeple, James E.: yes
- Terribile, Jackie R.: yes
- Vaughan, David: yes
- Weeks, J. David: yes
- Wetmore, Elizabeth: yes
- White, Joseph S.: yes
- Whitmire, William R.: yes
- Wickensimer, Paul B.: yes
- Williams, Robert Q.: yes
- Wooten, Chris: yes
- Yow, Richard L.: yes
- Clyburn, William: excused
- Cobb-Hunter, Gilda: excused
- Moore, Travis A.: excused
- Spann-Wilder, Tiffany: excused
- Waters, Courtney S.: excused
- Bamberg, Justin T.: excused
- Bannister, Bruce W.: excused
- Brittain, Thomas C., Jr.: excused
- Gilliard, Wendell G.: excused
- Hosey, Lonnie: excused
- Howard, Leon: excused
- Johnson, Jeffrey E.: excused
- Jordan, Wallace H., Jr.: excused
- Lowe, Phillip D.: excused
- Luck, Jason S.: excused
- Martin, David: excused
- Moore, JA: excused
- Newton, Wm. Weston J.: excused
- Sessions, Heath: excused
- Smith, Marvin: excused
- Willis, Mark N.: excused
3rd Reading
2026-05-07 · pass · 46-0
Member-level votes (46)
- Adams, Brian: yes
- Alexander, Thomas C.: yes
- Allen, Karl B.: yes
- Bennett, Sean M.: yes
- Blackmon, Allen: yes
- Bright, Lee: yes
- Campsen, George E., III: yes
- Cash, Richard J.: yes
- Chaplin, JD: yes
- Climer, Wes: yes
- Corbin, Thomas D.: yes
- Cromer, Ronnie W.: yes
- Davis, Tom: yes
- Devine, Tameika Isaac: yes
- Elliott, Jason: yes
- Fernandez, Tom: yes
- Gambrell, Michael W.: yes
- Garrett, Billy: yes
- Goldfinch, Stephen L.: yes
- Graham, Jeffrey R.: yes
- Grooms, Lawrence K.: yes
- Hembree, Greg: yes
- Hutto, Brad: yes
- Jackson, Darrell: yes
- Johnson, Michael: yes
- Kennedy, Carlisle: yes
- Kimbrell, Josh: yes
- Leber, Matthew W.: yes
- Martin, Shane R.: yes
- Massey, A. Shane: yes
- Matthews, Margie Bright: yes
- Ott, Russell L.: yes
- Peeler, Harvey S., Jr.: yes
- Rankin, Luke A.: yes
- Reichenbach, Mike: yes
- Rice, Rex F.: yes
- Sabb, Ronnie A.: yes
- Stubbs, Everett: yes
- Sutton, Ed: yes
- Tedder, Deon T.: yes
- Turner, Ross: yes
- Verdin, Daniel B., III: yes
- Walker, Overture: yes
- Williams, Kent M.: yes
- Young, Tom, Jr.: yes
- Zell, Jeff: yes

Related bills

No related bills recorded for this bill.

Official source

https://www.scstatehouse.gov/billsearch.php?billnumbers=5006&session=126&summary=B

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:32:06.227230Z

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