H5011

Tenant Protection Act of 2026

Introduced·1/22/26
Introduced Text

The Tenant Protection Act of 2026 provides a property tax exemption for tenants in South Carolina.

The Tenant Protection Act of 2026 amends South Carolina law to provide a property tax exemption for tenants. When a property undergoes an assessable transfer of interest after 2025, the exemption limits the increase in property tax value to 110% of the original value. Tenants can elect this exemption instead of another exemption, but must notify the county assessor before January 31st for the tax year. This act takes effect upon approval by the Governor and applies to property tax years beginning after 2025.

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Where it stands

Current
Ways and Means Committee
Next
Committee decision

Sponsors

0
6
RRRRRR
Democratic CaucusRepublican Caucus

History

Apr 14

House

Member(s) request name added as sponsor: M.M.Smith

Jan 22

House

Introduced and read first time

Jan 22

House

Referred to Committee on Ways and Means