SC S1110 | 2023-2024 | 125th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 28 2024 - 25% progression
Action: 2024-02-28 - Referred to Committee on Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 28 2024 - 25% progression
Action: 2024-02-28 - Referred to Committee on Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amend The South Carolina Code Of Laws By Amending Section 12-6-1170, Relating To The Retirement Income Deduction From Taxable Income, So As To Increase The Individual Deduction From Fifteen Thousand Dollars To Twenty Thousand Dollars, To Increase The Deduction For Married Taxpayers Who File A Joint Federal Income Tax Return From Thirty Thousand Dollars To Forty Thousand Dollars, And To Provide For An Annual Inflation Adjustment.
Title
Retirement Income Tax Deduction
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-02-28 | Senate | Referred to Committee on Finance |
| 2024-02-28 | Senate | Introduced and read first time |
Code Citations
South Carolina State Sources
| Type | Source |
|---|---|
| Summary | https://www.scstatehouse.gov/billsearch.php?billnumbers=1110&session=125&summary=B |
| Text | https://www.scstatehouse.gov/sess125_2023-2024/prever/1110_20240228.htm |
