S 627 South Carolina Senate · 2021-2022 Regular Session

Pass through trade and business income

Summary

AN ACT TO AMEND SECTION 12-6-545, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO INCOME TAX RATES FOR PASS-THROUGH TRADE AND BUSINESS INCOME, SO AS TO CREATE AN ELECTION TO TAX CERTAIN PARTNERSHIPS AND "S" CORPORATIONS AT THE ENTITY LEVEL. - ratified title

Bill status signed all 5 stages cleared

Introduction

Mar 2021

Committee Review

May 2021

Senate Passage

May 2021

House Passage

May 2021

Signed into Law

May 2021

Introduced Mar 2, 2021 Signed May 17, 2021

Floor votes · Senate Mar 23, 2021 · House May 11, 2021

How they voted

44–0

Passed

Total votes 44

Mar 23, 2021

D Democratic15

15 Yea

100% Yea

R Republican29

29 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 17, 2021

Signed into law

Signed By Governor

legislature

May 12, 2021

Upper · Passed

Concurred in House amendment and enrolled

upper

May 12, 2021

Introduced

Returned to Senate with amendments

lower

May 11, 2021

Lower · Passed

Amended

lower

May 11, 2021

House · Passed

House Vote: pass (101-0-20)

house

May 4, 2021

Lower · Passed

Committee report: Favorable with amendment Ways and Means

lower

Apr 6, 2021

Committee

Referred to Committee on Ways and Means

lower

Apr 6, 2021

Introduced

Introduced and read first time

lower

Mar 24, 2021

Upper · Passed

Read third time and sent to House

upper

Mar 23, 2021

Upper · Passed

Committee Amendment Adopted

upper

Mar 23, 2021

Senate · Passed

Senate Vote: pass (44-0)

senate

Mar 17, 2021

Upper · Passed

Committee report: Favorable with amendment Finance

upper

Mar 2, 2021

Committee

Referred to Committee on Finance

upper

Mar 2, 2021

Introduced

Introduced and read first time

upper

16 primary · 0 co-sponsors