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Session 121 - (2015-2016)Printer Friendly
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S 0311 General Bill, By Campsen
Summary: SC Capital Gains Tax Elimination Act
A BILL TO AMEND SECTION 12-6-1150 OF THE 1976 CODE, RELATING TO THE CAPITAL GAINS TAX, TO ENACT THE "SOUTH CAROLINA CAPITAL GAINS TAX ELIMINATION ACT", TO INCREASE THE DEDUCTION ALLOWED FROM FORTY-FOUR PERCENT TO ONE HUNDRED PERCENT OF THE NET CAPITAL GAIN AND TO PHASE IN THIS INCREASE OVER TEN YEARS.
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Summary: SC Capital Gains Tax Elimination Act
A BILL TO AMEND SECTION 12-6-1150 OF THE 1976 CODE, RELATING TO THE CAPITAL GAINS TAX, TO ENACT THE "SOUTH CAROLINA CAPITAL GAINS TAX ELIMINATION ACT", TO INCREASE THE DEDUCTION ALLOWED FROM FORTY-FOUR PERCENT TO ONE HUNDRED PERCENT OF THE NET CAPITAL GAIN AND TO PHASE IN THIS INCREASE OVER TEN YEARS.
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01/13/15 | Senate | Introduced and read first time (Senate Journal-page 180) |
01/13/15 | Senate | Referred to Committee on Finance (Senate Journal-page 180) |