summary
Introduced
02/11/2026
02/11/2026
In Committee
02/11/2026
02/11/2026
Crossed Over
Passed
Dead
Introduced Session
126th General Assembly
Bill Summary
Amend The South Carolina Code Of Laws By Amending Section 12-6-40, Relating To The Application Of Federal Internal Revenue Code To State Tax Laws, So As To Update The Reference To The Internal Revenue Code To The Year 2025 And To Provide That If The Internal Revenue Code Sections Adopted By This State Are Extended, Then These Sections Also Are Extended For South Carolina Income Tax Purposes.
AI Summary
This bill updates South Carolina's tax laws to align with the federal Internal Revenue Code (IRC) by changing the reference year from December 31, 2024, to December 31, 2025, meaning state income tax will now be based on federal tax laws as they stood at the end of 2025. It also includes a provision that if any federal tax laws adopted by South Carolina that were set to expire at the end of 2025 are extended by Congress without amendment, those extensions will automatically apply to South Carolina income tax purposes as well, ensuring continued conformity with federal tax treatment.
Committee Categories
Budget and Finance
Sponsors (17)
April Cromer (R)*,
Thomas Beach (R),
Mike Burns (R),
Bill Chumley (R),
Sarita Edgerton (R),
Stephen Frank (R),
Thomas Lee Gilreath (R),
Robert Harris (R),
William Huff (R),
Jay Kilmartin (R),
Josiah Magnuson (R),
Ryan McCabe (R),
Dianne Mitchell (R),
Timothy Morgan (R),
Jordan Pace (R),
Jackie Terribile (R),
Joe White (R),
Last Action
Referred to Committee on Ways and Means (on 02/11/2026)
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=5167&session=126&summary=B |
| BillText | https://www.scstatehouse.gov/sess126_2025-2026/prever/5167_20260211.htm |
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