SC S1087 | 2021-2022 | 124th General Assembly
Status
Completed Legislative Action
Spectrum: Moderate Partisan Bill (Republican 23-6)
Status: Passed on June 28 2022 - 100% progression
Action: 2022-06-28 - Act No. 228
Text: Latest bill text (Enrolled) [HTML]
Spectrum: Moderate Partisan Bill (Republican 23-6)
Status: Passed on June 28 2022 - 100% progression
Action: 2022-06-28 - Act No. 228
Text: Latest bill text (Enrolled) [HTML]
Summary
Amend The Code Of Laws Of South Carolina, 1976, So As To Enact The "comprehensive Tax Cut Act Of 2022"; To Amend Section 12-6-510, Relating To The Individual Income Tax, So As To Phase-in A Reduction Of The Top Marginal Rate To Six Percent And To Collapse Other Income Tax Brackets Into The Bracket To Which The Three Percent Rate Applies; To Amend Section 12-6-1171, Relating To The Military Retirement Deduction, So As To Exempt All Military Retirement Income; To Repeal Section 12-6-515 Relating To An Archaic Individual Income Tax Provision; To Amend Section 12-37-220, As Amended, Relating To Property Tax Exemptions, So As To Increase A Property Tax Exemption For Certain Manufacturing Property And To Increase The Applicable Limit; And To Appropriate One Billion Dollars From The Contingency Reserve Fund To The Taxpayer Rebate Fund To Provide Rebates To Individual Income Taxpayers. - Ratified Title
Title
Comprehensive tax cut act of 2022
Sponsors
Roll Calls
2022-06-15 - House - House: Adopt Conference Report (Y: 110 N: 0 NV: 11 Abs: 2) [PASS]
2022-06-15 - Senate - Senate: To Adopt The Conference Report (Y: 42 N: 0 NV: 0 Abs: 4) [PASS]
2022-05-10 - House - House: Passage Of Bill (Y: 110 N: 0 NV: 3 Abs: 8) [PASS]
2022-05-10 - House - House: Table Amendment 3 Amendment Number 3 (Y: 68 N: 41 NV: 4 Abs: 8) [PASS]
2022-03-15 - Senate - Senate: 3rd Reading (Y: 39 N: 0 NV: 0 Abs: 5) [PASS]
2022-03-10 - Senate - Senate: 2nd Reading (Y: 40 N: 0 NV: 0 Abs: 5) [PASS]
2022-06-15 - Senate - Senate: To Adopt The Conference Report (Y: 42 N: 0 NV: 0 Abs: 4) [PASS]
2022-05-10 - House - House: Passage Of Bill (Y: 110 N: 0 NV: 3 Abs: 8) [PASS]
2022-05-10 - House - House: Table Amendment 3 Amendment Number 3 (Y: 68 N: 41 NV: 4 Abs: 8) [PASS]
2022-03-15 - Senate - Senate: 3rd Reading (Y: 39 N: 0 NV: 0 Abs: 5) [PASS]
2022-03-10 - Senate - Senate: 2nd Reading (Y: 40 N: 0 NV: 0 Abs: 5) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2022-06-28 | Act No. 228 | |
| 2022-06-28 | Effective date See Act for Effective Date | |
| 2022-06-17 | Signed By Governor | |
| 2022-06-16 | Ratified R 259 | |
| 2022-06-15 | Senate | Ordered enrolled for ratification |
| 2022-06-15 | Senate | Roll call Ayes-42 Nays-0 |
| 2022-06-15 | Senate | Conference report received and adopted |
| 2022-06-15 | House | Roll call Yeas-110 Nays-0 |
| 2022-06-15 | House | Conference report received and adopted |
| 2022-05-12 | Senate | Conference committee appointed Peeler, Setzler, Alexander |
| 2022-05-11 | House | House insists upon amendment and conference committee appointed Reps. Simrill, GM Smith, Rutherford |
| 2022-05-11 | Senate | Non-concurrence in House amendment |
| 2022-05-11 | House | Read third time and returned to Senate with amendments |
| 2022-05-11 | House | Motion to reconsider tabled |
| 2022-05-10 | House | Debate adjourned |
| 2022-05-10 | House | Reconsider vote whereby read second time |
| 2022-05-10 | House | Roll call Yeas-110 Nays-0 |
| 2022-05-10 | House | Read second time |
| 2022-05-10 | House | Amended |
| 2022-05-06 | Scrivener's error corrected | |
| 2022-05-05 | House | Committee report: Favorable with amendment Ways and Means |
| 2022-03-29 | House | Referred to Committee on Ways and Means |
| 2022-03-29 | House | Introduced and read first time |
| 2022-03-15 | Senate | Roll call Ayes-39 Nays-0 |
| 2022-03-15 | Senate | Read third time and sent to House |
| 2022-03-10 | Senate | Roll call Ayes-40 Nays-0 |
| 2022-03-10 | Senate | Read second time |
| 2022-03-10 | Senate | Committee Amendment Adopted |
| 2022-03-08 | Senate | Committee report: Favorable with amendment Finance |
| 2022-02-17 | Senate | Referred to Committee on Finance |
| 2022-02-17 | Senate | Introduced and read first time |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 12 | 37 | 220 | (n/a) | See Bill Text |
| 12 | 6 | 1171 | (n/a) | See Bill Text |
| 12 | 6 | 510 | (n/a) | See Bill Text |
| 12 | 6 | 515 | (n/a) | See Bill Text |
