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S0688Introduced in the Senate

DEW UI Tax Code

Passed

Introduced by Shane Massey, District 25

What does this bill do?

Plain-English breakdown

Writing a plain-English summary of this bill… this can take a few seconds the first time.

Official description

Amend The South Carolina Code Of Laws By Amending Section 41-31-5, Relating To Contributions And Payments To The Unemployment Trust Fund Definitions, So As To Change The Lookback Period For The Benefit Ratio; By Amending Section 41-31-45, Relating To Debt Status Estimates, So As To Provide For A Solvency Target For The Fund; By Amending Section 41-31-60, Relating To The Tax Rate When A Delinquent Report Is Received, So As To Change The Penalty For An Outstanding Lien; By Amending Section 41-31-350, Relating To The Penalty For Failure To File A Report, So As To Remove The Cap On The Penalty For Failing To File A Report; By Amending Section 41-31-370, Relating To Interest On Unpaid Contributions, So As To Remove The Cap On The Penalty For Failure To Pay Contributions; By Amending Section 12-37-220, Relating To Property Tax Exemptions, So As To Exempt The First Ten Thousand Dollars Of Net Depreciated Value Of Business Personal Property Owned By A Small Business; By Amending Section 12-37-900, Relating To Property Tax Returns, So As To Provide That A Taxpayer Is Not Required To Return Business Personal Property For Taxation If The Taxpayer Has Less Than Ten Thousand Dollars Of Net Depreciated Value Of Business Personal Property; By Adding Section 12-37-980 So As To Require That All Business Personal Property Required To Be Returned For Taxation Be Returned To The Department Of Revenue; And By Amending Section 12-20-50, Relating To The License Tax On Corporations, So As To Provide That, Under Certain Circumstances, The Fee Does Not Apply To Any Portion Of The First Fifty Million Dollars Of Certain Capital Stock And Paid-in Or Capital Surplus. - Ratified Title

Where it stands

Act No. 243

June 3, 2026

How did lawmakers vote?

House votes

3 recorded votes · each counted separately

Senate votes

4 recorded votes · each counted separately

SenateStage: Senate: To Adopt The Conference Report · May 14, 2026

40

Yes

0

No

2

Absent or Not Voting

42 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.

See how each senator voted

Bill history

  1. Prefiled

  2. Referred to Committee on Labor, Commerce and Industry

  3. Introduced and read first time

  4. Referred to Committee on Labor, Commerce and Industry

  5. Committee report: Favorable Labor, Commerce and Industry

  6. Scrivener's error corrected

  7. Read second time

  8. Roll call Ayes-43 Nays-0

  9. Amended

  10. Read third time and sent to House

  11. Roll call Ayes-45 Nays-0

  12. Introduced and read first time

  13. Referred to Committee on Ways and Means

  14. Committee report: Favorable with amendment Ways and Means

  15. Scrivener's error corrected

  16. Amended

  17. Read second time

  18. Roll call Yeas-115 Nays-0

  19. Read third time and returned to Senate with amendments

  20. House amendment amended

  21. Roll call Ayes-44 Nays-0

  22. Returned to House with amendments

  23. Non-concurrence in Senate amendment

  24. Roll call Yeas-0 Nays-114

  25. Conference committee appointed B Newton, Hewitt, Kirby

  26. Conference committee appointed Bennett, Williams, Massey

  27. Conference report received and adopted

  28. Roll call Yeas-107 Nays-0

  29. Conference report received and adopted

  30. Roll call Ayes-40 Nays-0

  31. Ordered enrolled for ratification

  32. Ratified R 264

  33. Signed By Governor

  34. Effective date See Act for Effective Date

  35. Act No. 243

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