Bill > H3741

This bill amends South Carolina state tax law to provide a new income tax deduction for active-duty military service members who are residents of the state. Specifically, the bill allows taxpayers to deduct taxable income earned from full-time military service, which includes not only regular active-duty military personnel but also members of the National Guard and Reserve who are serving on active-duty orders under specific federal provisions. The deduction applies to income tax years beginning after 2024 and will take effect upon receiving the Governor's approval. The legislation aims to provide a financial benefit to military service members by reducing their state tax burden, recognizing the unique service and sacrifices of active-duty military personnel. By allowing this deduction, South Carolina seeks to support and attract military members as residents of the state.