S682 is a bill in the South Carolina Legislature (126th General Assembly): Timber.

What is the status of S682?

In committee as of April 2, 2026. Latest action: Referred to Committee on Ways and Means (April 2, 2026).

Joshua Kimbrell (R, 11), with 11 co-sponsors.

Where is the official record for S682?

On the South Carolina Legislature website: https://www.scstatehouse.gov/sess126_2025-2026/bills/682.htm

South Carolina legislation · 126th General Assembly

South Carolina S682: Timber

Q: What does S682 do?

In its own words: TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3830 SO AS to allow AN INCOME TAX CREDIT for a TIMBER CASUALTY LOSS IN A FEDERALLY DECLARED DISASTER AREA resulting from hurricane helene; AND BY AMENDING SECTION 12-6-1140, RELATING TO DEDUCTIONS FROM INDIVIDUAL TAXABLE INCOME, SO AS TO allow a deduction for PAYMENTS RECEIVED FROM certain DISASTER RELIEF agencies resulting from hurricane helene. Amend Title To Conform B e it enacted by the General Assembly of the State of South Carolina: S ECTION 1. A rticle 25, Chapter 6, Title 12 of the S.C. Code is amended by adding: S.

Status: In committee, April 2, 2026

What the bill says

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3830 SO AS to allow AN INCOME TAX CREDIT for a TIMBER CASUALTY LOSS IN A FEDERALLY DECLARED DISASTER AREA resulting from hurricane helene; AND BY AMENDING SECTION 12-6-1140, RELATING TO DEDUCTIONS FROM INDIVIDUAL TAXABLE INCOME, SO AS TO allow a deduction for PAYMENTS RECEIVED FROM certain DISASTER RELIEF agencies resulting from hurricane helene. Amend Title To Conform B e it enacted by the General Assembly of the State of South Carolina: S ECTION 1. A rticle 25, Chapter 6, Title 12 of the S.C. Code is amended by adding: S.

From the engrossed text, March 25, 2026:

A bill TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3830 SO AS to allow AN INCOME TAX CREDIT for a TIMBER CASUALTY LOSS IN A FEDERALLY DECLARED DISASTER AREA resulting from hurricane helene; AND BY AMENDING SECTION 12-6-1140, RELATING TO DEDUCTIONS FROM INDIVIDUAL TAXABLE INCOME, SO AS TO allow a deduction for PAYMENTS RECEIVED FROM certain DISASTER RELIEF agencies resulting from hurricane helene. Amend Title To Conform B e it enacted by the General Assembly of the State of South Carolina: S ECTION 1. A rticle 25, Chapter 6, Title 12 of the S.C. Code is amended by adding: S ection 12-6-3830. ( A) ( 1) A taxpayer is allowed an income tax credit in an amount equal to one hundred percent of the taxpayer's timber casualty loss in a federally declared disaster area from Hurricane Helene which struck in September 2024. The credit amount shall not exceed the number of the taxpayer's affected acres of eligible timber property in the disaster areas multiplied by five hundred fifty dollars. The total calculated amount of the credit for the timber casualty loss must be reduced by any private insurance payments or federal assistance received by the property owner for the same timber casualty loss. Any unused credit may be carried forward for the next five tax years. …

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South Carolina S682: Timber

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