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 amends the Code of Laws of South Carolina to allow a state income tax deduction for all military retirement income and first responder retirement income. It defines "first responder" as a law enforcement officer, firefighter, or peace officer who is trained to respond to emergencies and is a member of the South Carolina Police Officers Retirement System. The bill also makes a conforming change to the existing retirement income deduction to account for the new deduction for military and first responder retirement income. The bill takes effect upon approval by the Governor and first applies to tax years beginning after 2020.
Committee Categories
Budget and Finance
Sponsors (9)
Sylleste Davis (R)*,
Lucas Atkinson (D),
Lonnie Hosey (D),
John McCravy (R),
Sandy McGarry (R),
Tommy Pope (R),
Mark Smith (R),
Spencer Wetmore (D),
Chris Wooten (R),
Last Action
Member(s) request name added as sponsor: Wetmore (on 02/03/2022)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.scstatehouse.gov/billsearch.php?billnumbers=3349&session=124&summary=B |
| BillText | https://www.scstatehouse.gov/sess124_2021-2022/prever/3349_20201209.htm |
Loading...