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Indicates Matter Stricken
Indicates New Matter
S. 179
STATUS INFORMATION
General Bill
Sponsors: Senator Rose
Document Path: l:\s-res\mtr\015mili.ebd.mtr.docx
Introduced in the Senate on January 11, 2011
Currently residing in the Senate Committee on Finance
Summary: Military service
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 12/1/2010 Senate Prefiled 12/1/2010 Senate Referred to Committee on Finance 1/11/2011 Senate Introduced and read first time (Senate Journal-page 85) 1/11/2011 Senate Referred to Committee on Finance (Senate Journal-page 85)
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AMEND CHAPTER 6, TITLE 12 OF THE 1976 CODE, RELATING TO INCOME TAXATION, BY ADDING SECTION 12-6-1205 TO PROVIDE THAT RETIREMENT COMPENSATION RECEIVED FOR MILITARY SERVICE TO THE UNITED STATES OF AMERICA IS EXEMPT FROM INCOME TAXATION.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 6, Title 12 of the 1976 Code is amended by adding:
"Section 12-6-1205. All retirement compensation received by an individual taxpayer for military service to the United States of America is exempt from income tax."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on Tuesday, December 10, 2013 at 9:57 A.M.