2023-2024 Regular SessionSouth Carolina Legislature

H4594: Internal Revenue Code conformity

Legislative Summary

Amend The South Carolina Code Of Laws By Amending Section 12-6-40, Relating To Application Of Federal Internal Revenue Code To State Tax Laws, So As To Update The Reference To The Internal Revenue Code To The Year 2023 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. - Ratified Title

Demographic Impact

Overall analysis of equity impact

60% Positive
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

11/16/2023
Prefiled
House of Representatives
11/16/2023
Referred to Committee on Ways and Means
House of Representatives
1/9/2024
Introduced and read first time
House of Representatives
1/9/2024
Referred to Committee on Ways and Means
House of Representatives
1/9/2024
Member(s) request name added as sponsor: West
House of Representatives
2/8/2024
Member(s) request name added as sponsor: Elliott, T.Moore
House of Representatives
3/21/2024
Committee report: Favorable Ways and Means
House of Representatives
3/26/2024
Read second time
House of Representatives
3/26/2024
Roll call Yeas-115 Nays-0
House of Representatives
3/27/2024
Read third time and sent to Senate
House of Representatives
3/27/2024
Introduced and read first time
Senate
3/27/2024
Referred to Committee on Finance
Senate
4/18/2024
Committee report: Favorable Finance
Senate
5/1/2024
Read second time
Senate
5/1/2024
Roll call Ayes-46 Nays-0
Senate
5/7/2024
Read third time and enrolled
Senate
5/15/2024
Ratified R 215
5/20/2024
Signed By Governor
5/29/2024
Effective date 05/20/24
5/29/2024
Act No. 175

Roll Call Votes

Senate: 2nd Reading
5/1/2024
46
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
House: Passage Of Bill
3/26/2024
115
Yea
0
Nay
6
Not Voting
2
Absent
Result: PASSED

Status Information

Current Status
Passed(5/29/2024)
Chamber
Senate
Sine DiePrior Session

Documents

Comm Sub
Bill Text4/18/202412.4 KB
Comm Sub
Bill Text3/21/202414.7 KB
Introduced
Bill Text11/16/20236.6 KB
Fiscal Note
Fiscal Note3/5/2024166.9 KB