2024 Economic Relief South Carolina Envelope Size. (ap) — the amount of money in south carolina's state bank accounts continues to grow thanks to a quick recovery from the economic shock. The house budget includes half a billion dollars in property tax relief for homeowners, along with another cut to south carolina’s highest income tax rate.

The child tax credit will be indexed to inflation, and the refundable portion of the tax credit will be incrementally increased for the years 2023, 2024, and 2025. The house would pay technical colleges $95 million to continue to provide scholarships for students who want to fill critical jobs in health care, manufacturing and.