South Carolina Legislature Advances Small Business Tax Cuts, Invests in Education and Economic Growth

South Carolina's state legislature remains active in its second regular session of the 126th General Assembly, with the Senate advancing bills on watercraft liability insurance, local school governance enhancements, foster care reviews, and protections for healthcare workers and police animals, as detailed in the February 20 Senate calendar from the South Carolina State House[2]. The House has pushed forward H.5006, the Small Business Tax Cut of 2026, exempting the first ten thousand dollars of small business income from taxes, according to the South Carolina Policy Council[11]. A proposed 15.4 billion dollar House budget emphasizes growth, allocating funds for rural school construction, a University of South Carolina neurological hospital, and half of the Medical University of South Carolinas new cancer center costs, per Charleston City Paper reports[12].

In business news, Coastal Precast Systems announced a nine million dollar investment in Laurens County, creating 70 jobs in precast concrete for infrastructure, praised by Governor Henry McMaster and Commerce Secretary Harry M. Lightsey III[3]. South Carolina State University broke ground on a 42,000 square foot research campus in Cayce, set for 2027 opening with food safety labs, classrooms, and 50 to 70 jobs, boosting Midlands innovation as noted by city leaders[4]. The states economy thrives on incentives drawing tech, automotive, and logistics firms, with over 12,000 high wage jobs added recently[7].

Education advances include Lexington Richland 5 schools progressing on a 240 million dollar bond for renovations, new wings at elementaries by 2026, and arts facilities, tracked via public dashboard[8]. Public health faces challenges from a measles outbreak nearing 1,000 U.S. cases, with South Carolina confirming 11 new ones to total 973, mostly unvaccinated children in Spartanburg County, per CDC and SCDPH updates[9]. Local headlines highlight a future sand mine, fresh produce initiatives in Ridgeland, and remembrance of a Beaufort principal, from WHHI-TV[1]. No major recent weather events reported.

Looking Ahead, watch for Senate consideration of strangulation penalties and electric rate stabilization by late February, plus the St. Patricks Day Parade in the Lowcountry. The governors race heats up with voters favoring tax cuts.

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