summary
Introduced
02/12/2026
02/12/2026
In Committee
02/12/2026
02/12/2026
Crossed Over
Passed
Dead
Introduced Session
126th General Assembly
Bill Summary
Amend The South Carolina Code Of Laws By Adding Section 12-6-1155 So As To Allow A Deduction For A Farmer Who Sells Or Leases Farmland To A Beginning Farmer Or Enters Into A Crop-share Agreement With An Existing Farmer, And To Set Forth The Limitations On The Deduction.
AI Summary
This bill allows South Carolina farm owners to receive an income tax deduction for selling or leasing farmland to a beginning farmer, or for entering into a crop-share agreement with one. A "beginning farmer" is defined as someone who has filed between one and ten tax forms related to farming, is approved for a USDA farm loan, has a new farming operation and significant farming knowledge, or is a qualified family member involved in the farming operation. A "farm owner" is an individual who owns farmland, potentially in a conservation easement, and sells, leases for up to ten years, or enters a crop-share agreement for up to ten years with a beginning farmer. The deduction for selling farmland is based on capital gains, with a tiered percentage decreasing as the capital gains amount increases, up to a certain limit. For leasing or crop-share agreements, the deduction is limited to the cash rent or income received, capped at $25,000 annually. The Department of Agriculture will help the Department of Revenue determine eligibility and the deduction amount, and both agencies can create regulations to implement these provisions, with the act taking effect after approval and applying to tax years beginning after 2025.
Committee Categories
Budget and Finance
Sponsors (61)
Patrick Haddon (R)*,
Nathan Ballentine (R),
Phillip Bowers (R),
Gary Brewer (R),
Mike Burns (R),
Joe Bustos (R),
Paula Calhoon (R),
Micah Caskey (R),
Don Chapman (R),
Bill Chumley (R),
Bill Clyburn (D),
Gilda Cobb-Hunter (D),
Sylleste Davis (R),
Adam Duncan (R),
Greg Ford (R),
Cal Forrest (R),
Craig Gagnon (R),
Kambrell Garvin (D),
Gil Gatch (R),
Doug Gilliam (R),
Hamilton Grant (D),
Val Guest (R),
Brandon Guffey (R),
Bill Hager (R),
Chris Hart (D),
Tom Hartnett (R),
Charles Hartz (R),
Bill Herbkersman (R),
Bill Hixon (R),
Jeff Johnson (R),
Jermaine Johnson (D),
Roger Kirby (D),
John Lastinger (R),
Brian Lawson (R),
Randy Ligon (R),
Steven Long (R),
Jason Luck (D),
Annie McDaniel (D),
Dianne Mitchell (R),
Scott Montgomery (R),
Travis Moore (R),
Dennis Moss (R),
Melissa Oremus (R),
Fawn Pedalino (R),
Luke Rankin (R),
Robert Reese (D),
Robby Robbins (R),
Blake Sanders (R),
Keishan Scott (D),
Mark Smith (R),
Bill Taylor (R),
James Teeple (R),
Jackie Terribile (R),
David Vaughan (R),
Courtney Waters (D),
David Weeks (D),
Joe White (R),
Bill Whitmire (R),
Paul Wickensimer (R),
Robert Williams (D),
Mark Willis (R),
Last Action
Member(s) request name added as sponsor: Kirby (on 02/17/2026)
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=5180&session=126&summary=B |
| BillText | https://www.scstatehouse.gov/sess126_2025-2026/prever/5180_20260212.htm |
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