H3125: Elimination of individual income tax
Legislative Summary
Amend The South Carolina Code Of Laws By Adding Section 12-6-511 So As To Eliminate The Imposition Of The Income Tax On Individuals, Estates, And Trusts; By Repealing Section 12-6-510 Relating To Tax Rates For Individuals, Estates, And Trusts; By Repealing Section 12-6-515 Relating To Income Tax Brackets; By Repealing Section 12-6-520 Relating To Annual Adjustments To Income Tax Brackets; And By Repealing Section 12-6-545 Relating To Income Tax Rates For Pass-through Trade And Business Income.
Demographic Impact
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