S436 is a bill in the South Carolina Legislature (126th General Assembly): Taxation of commercial aircraft.

What is the status of S436?

Signed into law as of May 27, 2026. Latest action: Act No. 165 (May 27, 2026).

Lawrence Grooms (R, 37), with 2 co-sponsors.

Where is the official record for S436?

On the South Carolina Legislature website: https://www.scstatehouse.gov/sess126_2025-2026/bills/436.htm

South Carolina legislation · 126th General Assembly

South Carolina S436: Taxation of commercial aircraft

Q: What does S436 do?

In its own words: To amend the south carolina code of laws by amending section 12-37-220, relating to property tax exemptions, so as to add an exemption for a portion of the value of aircraft of an airline company; and by amending section 12-37-2440, relating to the valuation of aircraft, so as to specify the manner in which time on the ground is calculated. b e it enacted by the general assembly of the state of south carolina: s ection 1. s ection 12-43-220(g) of the s.c. code is amended to read: ( g) all real and personal property owned by or leased to companies primarily engaged in the transportation.

Status: Signed into law, May 27, 2026

What the bill says

To amend the south carolina code of laws by amending section 12-37-220, relating to property tax exemptions, so as to add an exemption for a portion of the value of aircraft of an airline company; and by amending section 12-37-2440, relating to the valuation of aircraft, so as to specify the manner in which time on the ground is calculated. b e it enacted by the general assembly of the state of south carolina: s ection 1. s ection 12-43-220(g) of the s.c. code is amended to read: ( g) all real and personal property owned by or leased to companies primarily engaged in the transportation.

From the amended text, May 6, 2026:

A bill TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-37-220, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO ADD AN EXEMPTION FOR A PORTION OF THE VALUE OF AIRCRAFT OF AN AIRLINE COMPANY; AND BY AMENDING SECTION 12-37-2440, RELATING TO THE VALUATION OF AIRCRAFT, SO AS TO SPECIFY THE MANNER IN WHICH TIME ON THE GROUND IS CALCULATED. B e it enacted by the General Assembly of the State of South Carolina: S ECTION 1. S ection 12-43-220(g) of the S.C. Code is amended to read: ( g) All real and personal property owned by or leased to companies primarily engaged in the transportation for hire of persons or property and used by such companies in the conduct of such business and required by law to be assessed by the department shall be taxed on an assessment equal to nine and one-half percent of the fair market value of such property. Notwithstanding this provision, until June 30, 2027, fee in lieu of tax agreements may include commercial aircraft as part of a qualifying project in support of economic development, subject to all other statutory requirements for fee in lieu of tax agreements, as approved by the Coordinating Council for Economic Development. T he department shall apply an equalization factor to real and personal property owned by …

Read the full official text

South Carolina S436: Taxation of commercial aircraft

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