All Roll Calls
Yes: 122 • No: 16
South CarolinaH 3333126th General Assembly (2025-2026)HouseWALLET
AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 31-12-30, RELATING TO REDEVELOPMENT OF FEDERAL MILITARY INSTALLATIONS DEFINITIONS, SO AS TO PROVIDE THAT A REDEVELOPMENT PROJECT INCLUDES CERTAIN AFFORDABLE HOUSING PROJECTS; AND BY AMENDING SECTION 31-12-210, RELATING TO ISSUANCE OF OBLIGATIONS FOR REDEVELOPMENT PROJECTS BY MUNICIPALITY, SO AS TO PROVIDE WHEN CERTAIN OBLIGATIONS MUST BE ISSUED.
Sponsored By: Sylleste H. Davis (Republican)
Signed by Governor
Summary
Tax Increment Financing
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
More affordable homes in redevelopment areas
Beginning July 1, 2025, cities can treat affordable housing as a redevelopment project. They can use new property tax growth from the district to build or support housing, or to build needed roads, water, sewer, and other infrastructure. Housing may be public or private. Work can extend outside the district when it supports the project area or the city finds it benefits the area. Affordable means homes priced for households at or below 80% of the local area median income, adjusted for family size, using HUD figures. The law also lets related public improvement projects count as part of the redevelopment project.
35-year deadline for redevelopment bonds
Beginning July 1, 2025, cities must issue redevelopment obligations no later than 35 years after they pass the ordinance approving a redevelopment plan. This sets a firm window to sell the bonds that fund projects. It brings clarity but can also limit very late financings. It does not change individual taxes or benefits directly.
Sponsors & Cosponsors
Sponsor
Sylleste H. Davis
Republican • House
Cosponsors
B.J. Cox
Affiliation unavailable
Micajah P. "Micah" Caskey IV
Republican • House
Roll Call Votes
Senate vote • 4/29/2025
(Tax Increment Financing)2nd Reading
Yes: 42 • No: 0
House vote • 4/9/2025
(Tax Increment Financing)Passage of Bill
Yes: 80 • No: 16 • Other: 1
Actions Timeline
Act No. 24
5/16/2025legislatureEffective date 07/01/25
5/16/2025legislatureSigned By Governor
5/8/2025GovernorRatified R 42
5/6/2025legislatureRead third time and enrolled
4/30/2025SenateRoll call Ayes-42 Nays-0
4/29/2025SenateRead second time
4/29/2025SenateRecalled from Committee on Labor, Commerce and Industry
4/15/2025SenateReferred to Committee on Labor, Commerce and Industry
4/10/2025SenateIntroduced and read first time
4/10/2025SenateRead third time and sent to Senate
4/10/2025HouseRoll call Yeas-80 Nays-16
4/9/2025HouseRead second time
4/9/2025HouseMember(s) request name added as sponsor: Caskey
4/8/2025HouseCommittee report: Favorable Medical, Military, Public and Municipal Affairs
4/3/2025HouseReferred to Committee on Medical, Military, Public and Municipal Affairs
1/14/2025HouseIntroduced and read first time
1/14/2025HouseReferred to Committee on Medical, Military, Public and Municipal Affairs
12/5/2024HousePrefiled
12/5/2024House
Bill Text
Introduced
Related Bills
S 0623, AN ACT TO EXEMPT GEORGETOWN COUNTY FROM CERTAIN BUILDING REQUIREMENTS AND TO ALLOW THE COUNTY TO INSTEAD ENFORCE AE STANDARDS IN GEORGETOWN COUNTY'S FLOOD DAMAGE PREVENTION ORDINANCE.
Georgetown County Building Requirements
H 5261, A JOINT RESOLUTION TO EXTEND THE DEADLINE FOR RECEIVING ALCOHOL SERVER TRAINING AS PROVIDED FOR IN CHAPTER 3, TITLE 61 TO MAY 1, 2026.
Alcohol Server Training
S 0779, A JOINT RESOLUTION TO PROVIDE THAT EACH MEMBER OF THE GENERAL ASSEMBLY SHALL RECEIVE A MONTHLY LEGISLATIVE EXPENSE ALLOWANCE OF ONE THOUSAND DOLLARS; TO PROVIDE FOR THE ALLOCATION OF LEGISLATIVE EXPENSE ALLOWANCE PAYMENTS BETWEEN MEMBERS WHOSE SEATS WERE VACATED DURING FISCAL YEAR 2025-2026 AND THE MEMBERS ELECTED TO FILL THE VACANCY; AND TO PROVIDE THAT MEMBERS OF THE GENERAL ASSEMBLY WHOSE SEATS WERE VACATED DUE TO THE MEMBER BEING CONVICTED OF OR PLEADING GUILTY OR NOLO CONTENDERE TO A FELONY ARE NOT ENTITLED TO A LEGISLATIVE EXPENSE ALLOWANCE PAYMENT PURSUANT TO THIS JOINT RESOLUTION.
Legislative Expense Allowance
S 1162, AN ACT TO AMEND ACT 509 OF 1982, AS AMENDED, RELATING TO THE ELECTION OF TRUSTEES OF ANDERSON COUNTY SCHOOL DISTRICT 2, SO AS TO PROVIDE THAT SIX MEMBERS OF THE SEVEN-MEMBER GOVERNING BODY MUST BE ELECTED FROM SINGLE-MEMBER DISTRICTS.
Anderson County School District No. 2
H 5127, A JOINT RESOLUTION TO APPROPRIATE MONIES FROM THE CAPITAL RESERVE FUND FOR FISCAL YEAR 2025-2026, AND TO ALLOW UNEXPENDED FUNDS APPROPRIATED TO BE CARRIED FORWARD TO SUCCEEDING FISCAL YEARS AND EXPENDED FOR THE SAME PURPOSES.
Capital Reserve Fund appropriation
S 1062, A JOINT RESOLUTION TO APPROVE REGULATIONS OF THE STATE COMMISSION ON HIGHER EDUCATION, RELATING TO DETERMINATION OF RATES OF TUITION AND FEES, DESIGNATED AS REGULATION DOCUMENT NUMBER 5443, PURSUANT TO THE PROVISIONS OF ARTICLE 1, CHAPTER 23, TITLE 1 OF THE SOUTH CAROLINA CODE OF LAWS.
JR to Approve Reg. Doc. No. 5443