South Carolina General Assembly
125th Session, 2023-2024
(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)
A bill
TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-5610 SO AS TO PROVIDE THAT WHEN A POLITICAL SUBDIVISION ISSUES OR RENEWS A BUSINESS LICENSE, IT MAY NOT REQUIRE A FEDERAL OR STATE INCOME TAX RETURN FROM THE BUSINESS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 41, Chapter 6, Title 12 of the S.C. Code is amended by adding:
Section 12-6-5610. When a political subdivision issues or renews a business license, it may not require a federal or state income tax return from the business.
SECTION 2. This act takes effect upon approval by the Governor.
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This web page was last updated on March 09, 2023 at 11:18 AM