South Carolina Lawmakers Pass Senior Tax Relief and Small Business Cuts While Education Infrastructure Surges

South Carolina lawmakers advanced key legislation this week amid a bustling Statehouse session. The Senate unanimously passed S.768, expanding the homestead property tax exemption for seniors 65 and older, adding up to $150,000 relief for long-term residents while imposing residency requirements to manage rapid population growth, according to South Carolina Public Radio. The House approved H.5006, the Small Business Tax Cut of 2026, exempting the first $10,000 of business personal property from county taxes for qualifying small firms, as reported by the South Carolina Policy Council and the South Carolina Chamber of Commerce.

In business news, Coastal Precast Systems announced a $9 million investment in Laurens County for its first South Carolina plant, creating 70 jobs in precast concrete manufacturing for infrastructure projects, praised by Governor Henry McMaster and local leaders per the South Carolina Department of Commerce. Education infrastructure shines with South Carolina State University breaking ground on a $54.7 million academic building and planning expansions including a student center, ROTC facility, and Cayce campus extension set for 2027, boosting research and 50 to 70 jobs, according to university announcements and local reports.

Controversial bills loom, including anti-trans bathroom restrictions in S.199 and H.4756, and H.4763 limiting recording of police, highlighted by the ACLU of South Carolina. The House Ways and Means Committee greenlit a $15.4 billion budget with 2% state employee raises and higher education funding. No major weather events reported.

California Governor Gavin Newsom visited Berkeley County for Democratic events, signaling political activity.

Looking Ahead: Today features Reproductive Health Advocacy Day, Senate hearings on trans student bills and police recording limits, and ongoing budget debates. Watch for House floor action on the budget in March and Coastal Precast's Q3 launch.

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