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A175, R215, H4594
STATUS INFORMATION
General Bill
Sponsors: Reps. Ballentine, Pope, Clyburn, West, Elliott and T. Moore
Companion/Similar bill(s): 4017, 4595
Document Path: LC-0282DG24.docx
Introduced in the House on January 9, 2024
Introduced in the Senate on March 27, 2024
Currently residing in the House
Governor's Action: May 20, 2024, Signed
Summary: Internal Revenue Code conformity
HISTORY OF LEGISLATIVE ACTIONS
| Date | Body | Action Description with journal page number |
|---|---|---|
| 11/16/2023 | House | Prefiled |
| 11/16/2023 | House | Referred to Committee on Ways and Means |
| 1/9/2024 | House | Introduced and read first time (House Journal-page 93) |
| 1/9/2024 | House | Referred to Committee on Ways and Means (House Journal-page 93) |
| 1/9/2024 | House | Member(s) request name added as sponsor: West |
| 2/8/2024 | House | Member(s) request name added as sponsor: Elliott, T. Moore |
| 3/21/2024 | House | Committee report: Favorable Ways and Means (House Journal-page 4) |
| 3/26/2024 | House | Read second time (House Journal-page 51) |
| 3/26/2024 | House | Roll call Yeas-115 Nays-0 (House Journal-page 51) |
| 3/27/2024 | House | Read third time and sent to Senate (House Journal-page 17) |
| 3/27/2024 | Senate | Introduced and read first time (Senate Journal-page 6) |
| 3/27/2024 | Senate | Referred to Committee on Finance (Senate Journal-page 6) |
| 4/18/2024 | Senate | Committee report: Favorable Finance (Senate Journal-page 8) |
| 5/1/2024 | Senate | Read second time (Senate Journal-page 24) |
| 5/1/2024 | Senate | Roll call Ayes-46 Nays-0 (Senate Journal-page 24) |
| 5/7/2024 | Senate | Read third time and enrolled (Senate Journal-page 36) |
| 5/15/2024 | Ratified R 215 | |
| 5/20/2024 | Signed By Governor | |
| 5/29/2024 | Effective date 05/20/24 | |
| 5/29/2024 | Act No. 175 |
View the latest legislative information at the website
VERSIONS OF THIS BILL
11/16/2023
03/21/2024
04/18/2024
(A175, R215, H4594)
AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-40, RELATING TO APPLICATION OF FEDERAL INTERNAL REVENUE CODE TO STATE TAX LAWS, SO AS TO UPDATE THE REFERENCE TO THE INTERNAL REVENUE CODE TO THE YEAR 2023 AND TO PROVIDE THAT IF THE INTERNAL REVENUE CODE SECTIONS ADOPTED BY THIS STATE ARE EXTENDED, THEN THESE SECTIONS ALSO ARE EXTENDED FOR SOUTH CAROLINA INCOME TAX PURPOSES.
Be it enacted by the General Assembly of the State of South Carolina:
Internal Revenue Code conformity
SECTION 1. Section 12-6-40(A)(1)(a) and (c) of the S.C. Code is amended to read:
(a) Except as otherwise provided, "Internal Revenue Code" means the Internal Revenue Code of 1986, as amended through December 31, 2023, and includes the effective date provisions contained in it.
(c) If Internal Revenue Code sections adopted by this State which expired or portions thereof expired on December 31, 2023, are extended, but otherwise not amended, by congressional enactment during 2024, these sections or portions thereof also are extended for South Carolina income tax purposes in the same manner that they are extended for federal income tax purposes.
Time effective
SECTION 2. This act takes effect upon approval by the Governor.
Ratified the 15th day of May, 2024.
Approved the 20th day of May, 2024.
This web page was last updated on June 25, 2024 at 1:29 PM