All Roll Calls
Yes: 259 • No: 26
South CarolinaS 0853126th General Assembly (2025-2026)SenateWALLET
AN ACT TO 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; 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; AND TO PROVIDE FOR CERTAIN ABEYANCE.
Sponsored By: Tom Davis (Republican)
Signed by Governor
Summary
Abandoned Buildings Tax Credit
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
3 provisions identified: 0 benefits, 1 costs, 2 mixed.
Claiming and transferring the building credit
Beginning May 19, 2026, the credit applies only to sites or parts put into service for income‑producing use. Charter, private, and parochial schools qualify; building a single‑family home does not. You must file a Notice of Intent to Rehabilitate before you get a building permit; if you file after the permit, only later costs count. You may rely on a city or county ordinance that certifies the building and site; attach it to the first return you claim the credit. You may transfer remaining credits tied to leased parts to the lessee, and credits tied to sold parts to the buyer, but you must notify the Department of Revenue. You cannot use the credit as collateral for a loan.
Clearer rules for abandoned building credit
Beginning May 19, 2026, a building counts as abandoned if 66% or more of its space was empty or not operating for five straight years before you file your Notice of Intent to Rehabilitate. A prior income‑producing use is not required. A building last used as a single‑family home does not qualify. You may split one building into separate sites. The site includes the building and the land it sits on, plus nearby land used for parking or similar uses tied to the building. Qualifying costs include rehab, renovation, demolition, cleanup, site work, and new buildings on the site. You cannot count buying the site, personal property, any expansion beyond 200% of the original size, or demolition costs if the abandoned building is on the National Register. For historic buildings, storage‑only space is treated as nonworking; any storage space that was operating is excluded from the credit in that share.
Temporary hold on some property tax exemptions
From May 19, 2026 through June 30, 2027, the Department of Revenue does not give final approval for exemption applications under Section 12-37-220(B)(11)(e) filed on or after June 30, 2026. Those filings are held until the hold ends and then reviewed under the law then in effect. The pause does not apply to property owned entirely by a nonprofit housing corporation that meets IRS Revenue Procedure 96-32. Filing, spending money, or getting a preliminary notice does not create a right to the exemption.
Sponsors & Cosponsors
Sponsor
Tom Davis
Republican • Senate
Cosponsors
George E. "Chip" Campsen III
Republican • Senate
Jeffrey R. Graham
Democrat • Senate
Brad Hutto
Democrat • Senate
Josh Kimbrell
Republican • Senate
Margie Bright Matthews
Democrat • Senate
Everett Stubbs
Republican • Senate
Ed Sutton
Democrat • Senate
Ross Turner
Republican • Senate
Overture Walker
Democrat • Senate
Jeff Zell
Republican • Senate
Roll Call Votes
House vote • 5/13/2026
(Abandoned Buildings Tax Credit)Passage of Bill
Yes: 112 • No: 0
Senate vote • 2/25/2026
(Abandoned Buildings Tax Credit)3rd Reading
Yes: 33 • No: 10
Senate vote • 2/25/2026
(Abandoned Buildings Tax Credit)to lay on the table Amendment number 2
Yes: 31 • No: 12
Senate vote • 2/25/2026
(Abandoned Buildings Tax Credit)to allow amendment on third reading Amendment number 1
Yes: 39 • No: 4
Senate vote • 2/24/2026
(Abandoned Buildings Tax Credit)2nd Reading
Yes: 44 • No: 0
Actions Timeline
Effective date 05/19/26
6/5/2026legislatureAct No. 227
6/3/2026legislatureSigned By Governor
5/19/2026GovernorRatified R 236
5/15/2026legislatureConcurred in House amendment and enrolled
5/14/2026SenateRead third time and returned to Senate with amendments
5/14/2026HouseRoll call Yeas-112 Nays-0
5/13/2026HouseRead second time
5/13/2026HouseAmended
5/13/2026HouseRequests for debate removed-Rep
5/13/2026HouseDebate adjourned
5/7/2026HouseRequests for debate-Rep
5/5/2026HouseDebate adjourned until Tues., 5-5-26
4/30/2026HouseDebate adjourned
4/29/2026HouseCommittee report: Favorable Ways and Means
4/28/2026HouseReferred to Committee on Ways and Means
2/26/2026HouseIntroduced and read first time
2/26/2026HouseRoll call Ayes-33 Nays-10
2/25/2026SenateRead third time and sent to House
2/25/2026SenateRoll call Ayes-44 Nays-0
2/24/2026SenateRead second time
2/24/2026SenateCommittee report: Favorable Finance
2/18/2026SenateReferred to Committee on Finance
1/28/2026SenateIntroduced and read first time
1/28/2026Senate
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
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
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 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
S 0769, A JOINT RESOLUTION TO PROVIDE FOR THE CONTINUING AUTHORITY TO PAY THE EXPENSES OF STATE GOVERNMENT IF THE 2026-2027 FISCAL YEAR BEGINS WITHOUT A GENERAL APPROPRIATIONS ACT FOR FISCAL YEAR 2026-2027 HAVING BEEN ENACTED, AND TO PROVIDE EXCEPTIONS.
Continuing Resolution
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