Business Updates from the SC Statehouse
On Wednesday, the House of Representatives unanimously passed the State of South Carolina Small Business Tax Cut of 2026 (H. 5006), legislation that would exempt the first $10,000 of a small business’s personal property (BPP) from county taxation, streamline compliance requirements, and eliminate the tax entirely for businesses with less than $10,000 in taxable personal property. The bill now heads to the Senate for further consideration.










