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Now Is the Time to Pass H.5006 and Give Small Businesses Tax Relief!
In South Carolina, nearly 99% of businesses have fewer than 50 employees—making small businesses the backbone of our communities.

But many are weighed down by the business personal property (BPP) tax, which requires them to track and pay taxes on everyday items like equipment, computers, and furniture—even after already paying sales tax on those purchases.

For many, it feels like a “forever tax” that creates ongoing costs and paperwork, hitting small businesses the hardest and putting South Carolina at a disadvantage compared to other Southeastern states.

The good news: the General Assembly can fix this.

The House-passed South Carolina Small Business Tax Cut of 2026 (H.5006) would:

  • Exempt the first $10,000 of business personal property from taxation for small businesses
  • Cut back on unnecessary paperwork and filing requirements

 

This is a simple, practical step to support small businesses across our state.

Contact your Senator and urge them to support H.5006. Let’s make it easier for small businesses to grow, hire, and keep our communities strong.

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