South CarolinaS 0768126th General Assembly (2025-2026)Senate

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-37-250, RELATING TO THE HOMESTEAD EXEMPTION, SO AS TO INCREASE THE EXEMPTION TO ONE HUNDRED THOUSAND DOLLARS AND TO REDUCE THE AGE ELIGIBILITY TO SIXTY; BY AMENDING SECTION 12-37-266, RELATING TO THE HOMESTEAD EXEMPTION, SO AS TO MAKE A CONFORMING CHANGE; BY AMENDING SECTION 12-37-280, RELATING TO THE HOMESTEAD EXEMPTION, SO AS TO MAKE A CONFORMING CHANGE; BY AMENDING SECTION 12-37-290, RELATING TO THE HOMESTEAD EXEMPTION, SO AS TO MAKE A CONFORMING CHANGE; BY AMENDING SECTION 12-37-220, RELATING TO GENERAL EXEMPTION FROM TAXES, SO AS TO MAKE A CONFORMING CHANGE; BY AMENDING SECTION 11-11-150, RELATING TO DEDUCTIONS FOR THE TRUST FUND FOR TAX RELIEF, SO AS TO MAKE A CONFORMING CHANGE; AND BY REPEALING SECTION 12-37-245 RELATING TO THE HOMESTEAD EXEMPTION.

Sponsored By: Harvey S. Peeler, Jr. (Republican)

Passed

Summary

Homestead exemption

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Harvey S. Peeler, Jr.

    Republican • Senate

Cosponsors

  • Thomas C. Alexander

    Republican • Senate

  • George E. "Chip" Campsen III

    Republican • Senate

  • Tom Davis

    Republican • Senate

  • Billy Garrett

    Republican • Senate

  • Lawrence K. "Larry" Grooms

    Republican • Senate

  • Greg Hembree

    Republican • Senate

  • Josh Kimbrell

    Republican • Senate

  • Matthew W. "Matt" Leber

    Republican • Senate

  • Shane R. Martin

    Republican • Senate

  • A. Shane Massey

    Republican • Senate

  • Rex F. Rice

    Republican • Senate

  • Everett Stubbs

    Republican • Senate

  • Ross Turner

    Republican • Senate

  • Daniel B. "Danny" Verdin III

    Republican • Senate

  • Kent M. Williams

    Democrat • Senate

  • Tom Young, Jr.

    Republican • Senate

  • Jeff Zell

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 120 • No: 10

Senate vote 2/19/2026

(Homestead exemption)3rd Reading

Yes: 44 • No: 0

Senate vote 2/18/2026

(Homestead exemption)2nd Reading

Yes: 44 • No: 0

Senate vote 2/18/2026

(Homestead exemption)to lay on the table  Amendment number 6

Yes: 32 • No: 10

Actions Timeline

  1. Referred to Committee on Ways and Means

    2/24/2026House
  2. Introduced and read first time

    2/24/2026House
  3. Roll call Ayes-44 Nays-0

    2/19/2026Senate
  4. Read third time and sent to House

    2/19/2026Senate
  5. Amended

    2/19/2026Senate
  6. Roll call Ayes-44 Nays-0

    2/18/2026Senate
  7. Read second time

    2/18/2026Senate
  8. Amended

    2/18/2026Senate
  9. Debate interrupted

    2/12/2026Senate
  10. Debate interrupted

    2/11/2026Senate
  11. Amended

    2/11/2026Senate
  12. Committee Amendment Adopted

    2/11/2026Senate
  13. Committee report: Favorable with amendment Finance

    1/21/2026Senate
  14. Referred to Committee on Finance

    1/13/2026Senate
  15. Introduced and read first time

    1/13/2026Senate

Bill Text

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