South Carolina General Assembly
126th Session, 2025-2026
Download This Bill in Microsoft Word Format
Indicates Matter Stricken
Indicates New Matter
H. 3751
STATUS INFORMATION
General Bill
Sponsors: Reps. Bamberg, White, Kilmartin, Beach, Pace, Gilreath, Cromer, Oremus, Huff and Magnuson
Document Path: LC-0102DG25.docx
Introduced in the House on January 15, 2025
Currently residing in the House
HISTORY OF LEGISLATIVE ACTIONS
| Date | Body | Action Description with journal page number |
|---|---|---|
| 1/15/2025 | House | Introduced and read first time (House Journal-page 55) |
| 1/15/2025 | House | Referred to Committee on Ways and Means (House Journal-page 55) |
| 1/16/2025 | House | Member(s) request name added as sponsor: White, Kilmartin, Beach, Pace, Gilreath, Cromer, Oremus, Huff, Magnuson |
View the latest legislative information at the website
VERSIONS OF THIS BILL
A bill
TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-1120, RELATING TO MODIFICATIONS OF GROSS INCOME, SO AS TO EXCLUDE INCOME DERIVED FROM THE RECEIPT, SALE, EXCHANGE, OR OTHERWISE DISPOSAL OF DIGITAL ASSETS SUCH AS CRYPTOCURRENCY.
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:
(12) South Carolina gross income does not include any income included in federal gross income that is derived from the receipt, sale, exchange, or otherwise disposal of digital assets such as cryptocurrency.
SECTION 2. This act takes effect upon approval by the Governor and first applies to tax years beginning after 2024.
----XX----
This web page was last updated on January 15, 2025 at 3:50 PM