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SC S0866

Bill

Official Source

Status

Introduced

1/29/2026

Primary Sponsor

Jason Elliott

Click for details

Origin

Senate

126th General Assembly

AI Summary

  • Authorizes municipalities in counties without existing local sales taxes to impose up to a 1% sales and use tax following voter approval at a general election
  • Requires at least 20% of tax revenues to fund property tax credits for owner-occupied residential properties assessed under Section 12-43-220(c)
  • Remaining revenues may fund infrastructure projects including roads, bridges, police and fire stations, civic centers, administration buildings, and public parking facilities
  • Tax may be imposed for a maximum of 8 years in two-year increments, with reimposition limited to 7 years
  • Prohibits reimposition if combined state and local sales taxes would exceed 9% in any portion of the municipality

Legislative Description

Municipal Tax Relief Act

Last Action

Referred to Committee on Finance

1/29/2026

Committee Referrals

Finance1/29/2026

Full Bill Text

No bill text available