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H. 3834
STATUS INFORMATION
General Bill
Sponsors: Reps. Finlay, Hardee, Carter, B. Cox, W. Newton, Collins, M.M. Smith, Haddon, Burns, Bustos, Ballentine, Huggins, Yow, Elliott, Davis, Willis, Hyde, Hewitt, Pope and G.M. Smith
Document Path: l:\council\bills\nbd\11177dg21.docx
Introduced in the House on February 9, 2021
Currently residing in the House Committee on Ways and Means
Summary: Income tax
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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2/9/2021 House Introduced and read first time (House Journal-page 5)
2/9/2021 House Referred to Committee on Ways and Means
(House Journal-page 5)
2/23/2021 House Member(s) request name added as sponsor: Hardee, Carter,
B.Cox, W.Newton, Collins, M.M.Smith, Haddon, Burns
2/24/2021 House Member(s) request name added as sponsor: Bustos,
Ballentine, Huggins, Yow, Elliott, Davis, Willis
3/9/2021 House Member(s) request name added as sponsor: Hyde
3/10/2021 House Member(s) request name added as sponsor: Hewitt
4/7/2021 House Member(s) request name added as sponsor: Pope
6/8/2021 House Member(s) request name added as sponsor: G.M.Smith
View the latest legislative information at the website
VERSIONS OF THIS BILL
TO AMEND SECTION 12-6-1120, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO MODIFICATIONS TO GROSS INCOME FOR INDIVIDUAL INCOME TAX PURPOSES, SO AS TO EXCLUDE OVERTIME PAY AND CERTAIN BONUS PAY FROM GROSS INCOME.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-6-1120 of the 1976 Code is amended by adding an appropriately numbered item at the end to read:
"( ) South Carolina gross income does not include any overtime pay received by an individual pursuant to the requirements of the Fair Labor Standards Act nor does it include the first two thousand five hundred dollars of bonus pay received by an individual in the tax year."
SECTION 2. This act takes effect upon approval by the Governor and applies to tax years beginning after 2020.
This web page was last updated on
June 8, 2021 at 4:40 PM