UPDATE — May 20, 2026: On May 19, 2026, the Governor signed S. 853 into law, enacting the temporary processing freeze on certain Exemption Statute applications discussed below.
Key Points
- This is the second late-session bill affecting the nonprofit housing property tax exemption. As covered in our May 12, 2026, client alert, H. 5006 was amended on the Senate floor to rewrite the exemption under S.C. Code § 12-37-220(B)(11)(e) (the “Exemption Statute”) on a proportionate-ownership basis. S. 853 is a separate vehicle. It has now passed both chambers of the South Carolina ...
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The rapid expansion of commercial development, industrial infrastructure, and public-private partnerships across the Carolinas requires navigating increasingly dense zoning, land use, and title regimes. As state statutes and local regulatory frameworks shift to keep pace with high-velocity investments, developers and investors face distinct and fluid compliance hurdles. We provide the legal and market intelligence required to safeguard project viability and drive regional real estate development at every stage.