summary
Introduced
01/12/2021
01/12/2021
In Committee
01/12/2021
01/12/2021
Crossed Over
Passed
Dead
05/12/2022
05/12/2022
Introduced Session
124th General Assembly
Bill Summary
Amend The Code Of Laws Of South Carolina, 1976, By Adding Section 12-6-1172 So As To Allow A South Carolina Income Tax Deduction Of All Military Retirement Income And First Responder Retirement Income; And To Amend Section 12-6-1170, Relating To The Retirement Income Deduction, So As To Make A Conforming Change.
AI Summary
This bill allows South Carolina residents to deduct all military retirement income and first responder retirement income from their state income taxes. The bill defines "first responder" as a law enforcement officer, firefighter, or peace officer trained to respond to emergencies. The deduction also applies to the surviving spouse of a deceased military or first responder retiree. The bill further requires that the retirement income deduction under existing law be reduced by the amount deducted under this new provision, except for surviving spouses.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to Committee on Finance (on 01/12/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.scstatehouse.gov/billsearch.php?billnumbers=0194&session=124&summary=B |
| Fiscal Note - S0194 2021-01-12 Introduced | https://www.scstatehouse.gov/sess124_2021-2022/fiscalimpactstatements/S0194%202021-01-12%20introduced.pdf |
| BillText | https://www.scstatehouse.gov/sess124_2021-2022/prever/194_20201209.htm |
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