SC H3103 | 2023-2024 | 125th General Assembly
Status
Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on January 10 2023 - 25% progression
Action: 2023-01-10 - Referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 10 2023 - 25% progression
Action: 2023-01-10 - Referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amend The South Carolina Code Of Laws By Enacting The "south Carolina Job Creation And Competitiveness Act Of 2023"; By Repealing Chapter 6 And Chapter 20 Of Title 12 Relating To The South Carolina Income Tax Act And Corporate License Fees; By Adding Chapter 7 To Title 12 So As To Provide That South Carolina Taxable Income For Individuals, Estates, And Trusts Is Equal To The Three And One-half Percent Of The Difference Between The Federal Taxable Income Of The Taxpayer And The State Standard Deduction, To Provide For The State Standard Deduction, To Provide For An Earned Income Tax Credit, To Provide For Income Taxes Paid To Another State, And To Provide For The Technical Aspects Of The Department Of Revenue Implementing This Chapter; And By Amending Section 12-36-2120, Relating To Exemptions From The Sales And Use Tax, So As To Repeal Certain Exemptions.
Title
SC Job Creation and Competitiveness Act of 2023
Sponsors
History
Date | Chamber | Action |
---|---|---|
2023-01-10 | House | Referred to Committee on Ways and Means |
2023-01-10 | House | Introduced and read first time |
2022-12-08 | House | Referred to Committee on Ways and Means |
2022-12-08 | House | Prefiled |
Code Citations
South Carolina State Sources
Type | Source |
---|---|
Summary | https://www.scstatehouse.gov/billsearch.php?billnumbers=3103&session=125&summary=B |
Text | https://www.scstatehouse.gov/sess125_2023-2024/prever/3103_20221208.htm |