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Session 126 - (2025-2026)Printer Friendly
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H 3498 General Bill, By Pace, Kilmartin and Frank
Summary: Income tax brackets
A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-510, RELATING TO INDIVIDUAL INCOME TAXES, SO AS TO PROVIDE THAT THE FIRST ONE MILLION DOLLARS OF TAXABLE INCOME IS TAXED AT A RATE OF ZERO PERCENT AND THE TOP MARGINAL RATE APPLIES THEREAFTER TO AMOUNTS OVER ONE MILLION DOLLARS.
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Summary: Income tax brackets
A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-510, RELATING TO INDIVIDUAL INCOME TAXES, SO AS TO PROVIDE THAT THE FIRST ONE MILLION DOLLARS OF TAXABLE INCOME IS TAXED AT A RATE OF ZERO PERCENT AND THE TOP MARGINAL RATE APPLIES THEREAFTER TO AMOUNTS OVER ONE MILLION DOLLARS.
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12/05/24 | House | Prefiled |
12/05/24 | House | Referred to Committee on Ways and Means |
01/14/25 | House | Introduced and read first time (House Journal-page 226) |
01/14/25 | House | Referred to Committee on Ways and Means (House Journal-page 226) |
01/16/25 | House | Member(s) request name added as sponsor: Kilmartin |
02/06/25 | House | Member(s) request name added as sponsor: Frank |