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SC H3409

Bill

Official Source

Status

Introduced

1/14/2025

Primary Sponsor

Patrick Haddon

Click for details

Origin

House of Representatives

126th General Assembly

AI Summary

  • Increases the maximum income tax credit for conservation contributions of real property from $250 per acre to $1,000 per acre
  • Raises the annual cap on conservation tax credits a taxpayer can claim from $52,500 to $105,000 per taxable year
  • Applies to qualifying conservation contributions including upland acreage, wetlands, ponds, wetland impoundments, hardwood bottomlands, and Carolina Bays (excluding intertidal zone property)
  • Takes effect upon Governor's approval and applies to income tax years beginning after 2024

Legislative Description

Conservation tax credit

Last Action

Member(s) request name added as sponsor: Gilliam

1/21/2026

Committee Referrals

Ways and Means12/5/2024

Full Bill Text

No bill text available