South Carolina General Assembly
125th Session, 2023-2024

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H. 3450

STATUS INFORMATION

General Bill
Sponsors: Reps. Long, Chumley and Pace
Document Path: LC-0066DG23.docx

Introduced in the House on January 10, 2023
Currently residing in the House Committee on Ways and Means

Summary: Income tax on overtime pay

HISTORY OF LEGISLATIVE ACTIONS

Date Body Action Description with journal page number
12/8/2022 House Prefiled
12/8/2022 House Referred to Committee on Ways and Means
1/10/2023 House Introduced and read first time (House Journal-page 172)
1/10/2023 House Referred to Committee on Ways and Means (House Journal-page 172)

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VERSIONS OF THIS BILL

12/08/2022



A bill

to amend the South Carolina Code of Laws by amending Section 12-6-1120, 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 S.C. Code is amended by adding an item to read:

   (11) 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 2022.

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This web page was last updated on May 28, 2024 at 12:52 PM