2021-2022 Regular SessionSouth Carolina Legislature

H5057: IRS Code

Legislative Summary

Amend Section 12-6-40, As Amended, Code Of Laws Of South Carolina, 1976, Relating To The Application Of The Internal Revenue Code To State Income Tax Laws, So As To Update The Reference To The Internal Revenue Code To The Year 2021 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; And To Provide That For Tax Year 2021, South Carolina Adopts Certain Federal Exclusions From Gross Income. - Ratified Title

Demographic Impact

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Bill History

3/1/2022
Introduced and read first time
House of Representatives
3/1/2022
Referred to Committee on Ways and Means
House of Representatives
3/31/2022
Committee report: Favorable with amendment Ways and Means
House of Representatives
4/5/2022
Member(s) request name added as sponsor: W.Newton
House of Representatives
4/5/2022
Amended
House of Representatives
4/5/2022
Read second time
House of Representatives
4/5/2022
Roll call Yeas-113 Nays-0
House of Representatives
4/6/2022
Read third time and sent to Senate
House of Representatives
4/6/2022
Introduced and read first time
Senate
4/6/2022
Referred to Committee on Finance
Senate
5/3/2022
Committee report: Favorable Finance
Senate
5/4/2022
Read second time
Senate
5/4/2022
Roll call Ayes-41 Nays-0
Senate
5/10/2022
Read third time and enrolled
Senate
5/12/2022
Ratified R 227
5/16/2022
Signed By Governor
5/31/2022
Effective date 05/16/22
5/31/2022
Act No. 201

Roll Call Votes

Senate: 2nd Reading
5/4/2022
41
Yea
0
Nay
3
Not Voting
0
Absent
Result: PASSED
House: Passage Of Bill
4/5/2022
113
Yea
0
Nay
3
Not Voting
5
Absent
Result: PASSED

Status Information

Current Status
Passed(5/31/2022)
Chamber
Senate
Sine DiePrior Session

Documents

Comm Sub
Bill Text5/3/202216.0 KB
Amended
Bill Text4/5/20222.2 KB
Comm Sub
Bill Text3/31/20229.5 KB
Introduced
Bill Text3/1/20221.6 KB
Fiscal Note
Fiscal Note4/6/202294.2 KB
Fiscal Note
Fiscal Note4/5/2022226.3 KB
Fiscal Note
Fiscal Note3/29/2022581.4 KB