summary
Introduced
01/28/2026
01/28/2026
In Committee
01/28/2026
01/28/2026
Crossed Over
02/25/2026
02/25/2026
Passed
Dead
Introduced Session
126th General Assembly
Bill Summary
Amend The South Carolina Code Of Laws By Amending Section 12-67-120, Relating To The Abandoned Buildings Revitalization Act Definitions, So As To Clarify That The Existence Of An Income-producing Use Prior To The Period Of Abandonment Is Not A Requirement For Eligibility; By Amending Section 12-67-130, Relating To Applicability, So As To Make A Conforming Change; By Amending Section 12-67-140, Relating To Eligibility For The Credit, So As To Clarify Certain Timing Considerations Related To The Filing Of A Notice Of Intent To Rehabilitate An Abandoned Building And To Clarify That Abandoned Building Tax Credits May Not Serve As Collateral For Any Debt; And By Amending Section 12-67-160, Relating To The Certification Of Abandoned Building Sites, So As To Remove A Requirement For Certain Certifications Of State-owned Abandoned Building Sites.
AI Summary
This bill amends the South Carolina Abandoned Buildings Revitalization Act to clarify eligibility for tax credits related to rehabilitating abandoned properties. It specifies that an abandoned building does not need to have had an income-producing use immediately before becoming abandoned to qualify for the credit, and it makes conforming changes to the act's applicability. The bill also clarifies timing requirements for filing a notice of intent to rehabilitate an abandoned building and explicitly states that these tax credits cannot be used as collateral for any debt. Additionally, it removes a specific certification requirement for state-owned abandoned building sites.
Committee Categories
Budget and Finance
Sponsors (11)
Tom Davis (R)*,
Chip Campsen (R),
Jeffrey Graham (D),
Brad Hutto (D),
Josh Kimbrell (R),
Margie Matthews (D),
Everett Stubbs (R),
Ed Sutton (D),
Ross Turner (R),
Overture Walker (D),
Jeffrey Zell (R),
Last Action
Roll call Ayes-33 Nays-10 (on 02/25/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.scstatehouse.gov/billsearch.php?billnumbers=0853&session=126&summary=B |
| BillText | https://www.scstatehouse.gov/sess126_2025-2026/prever/853_20260218.htm |
| Fiscal Note - S0853 2026-01-28 Introduced | https://www.scstatehouse.gov/sess126_2025-2026/fiscalimpactstatements/S0853%202026-01-28%20introduced.pdf |
| BillText | https://www.scstatehouse.gov/sess126_2025-2026/prever/853_20260128.htm |
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