Budget & Taxes (Income Tax)

in committee · South Carolina · House Feb 13, 2025

H 3997: First responders

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-1140, RELATING TO INCOME TAX DEDUCTIONS FOR FIRST RESPONDERS, SO AS TO INCLUDE COUNTY AND MUNICIPAL PUBLIC WORKS EMPLOYEES WHO MAY BE DEPLOYED IN EMERGENCIES; BY AMENDING SECTION 12-37-220, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO INCLUDE THE SURVIVING SPOUSES OF COUNTY AND MUNICIPAL PUBLIC WORKS EMPLOYEES KILLED WHILE DEPLOYED IN EMERGENCIES; BY AMENDING SECTION 42-7-90, RELATING TO THE DEFINITION OF "FIRST RESPONDER" FOR PURPOSES OF RECEIVING WORKERS' COMPENSATION AWARD PAYMENTS BY THE STATE ACCIDENT FUND, SO AS TO INCLUDE COUNTY AND MUNICIPAL PUBLIC WORKS EMPLOYEES WHO MAY BE DEPLOYED IN EMERGENCIES; AND BY AMENDING SECTION 44-130-20, RELATING TO THE DEFINITION OF "FIRST RESPONDER" IN THE SOUTH CAROLINA OVERDOSE PREVENTION ACT, SO AS TO INCLUDE COUNTY AND MUNICIPAL PUBLIC WORKS EMPLOYEES WHO MAY BE DEPLOYED IN EMERGENCIES.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands income tax deductions and property tax exemptions for public works employees and their families, providing tax relief to public sector workers.95% confidence

Sub-Topics Income Tax Property Tax

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in committee · South Carolina · House May 28, 2025

H 3779: Gross income

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-1120, RELATING TO GROSS INCOME, COMPUTATION OF GROSS INCOME, AND MODIFICATIONS TO GROSS INCOME FOR STATE INCOME TAX PURPOSES, SO AS TO EXCLUDE TIPS FROM THE COMPUTATION OF SOUTH CAROLINA GROSS INCOME, AND TO DEFINE TIPS.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes tips from taxable income computation, reducing tax burden for service workers (tax relief for lower/middle income).95% confidence

Sub-Topics Income Tax

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in committee · South Carolina · Senate Jan 15, 2025

S 207: Retirement Income Tax Deduction

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-1170, RELATING TO THE RETIREMENT INCOME DEDUCTION FROM TAXABLE INCOME, SO AS TO INCREASE THE INDIVIDUAL DEDUCTION FROM FIFTEEN THOUSAND DOLLARS TO TWENTY THOUSAND DOLLARS, TO INCREASE THE DEDUCTION FOR MARRIED TAXPAYERS WHO FILE A JOINT FEDERAL INCOME TAX RETURN FROM THIRTY THOUSAND DOLLARS TO FORTY THOUSAND DOLLARS, AND TO PROVIDE FOR AN ANNUAL INFLATION ADJUSTMENT.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax deductions for retirement income, reducing taxable income and providing relief to retirees, aligning with tax relief indicators.95% confidence

Sub-Topics Income Tax

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in committee · South Carolina · House Jan 14, 2025

H 3429: Alternative Fuel Tax Credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-3695, RELATING TO ALTERNATIVE FUEL PROPERTY INCOME TAX CREDIT, SO AS TO PROVIDE FOR CERTAIN LEASES, TO ADD ELECTRICAL EQUIPMENT TO THE DEFINITION OF "ELIGIBLE PROPERTY," AND TO ADD ELECTRICITY TO THE DEFINITION OF "ALTERNATIVE FUEL."

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit eligibility for alternative fuel equipment, providing tax relief and incentivizing green energy investments within fiscal framework.90% confidence ✓ EnergySupports EnergyExpands tax credits for electrical equipment and electricity as 'alternative fuel,' directly incentivizing renewable energy infrastructure adoption.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · South Carolina · House Mar 26, 2025

H 3416: Income tax deduction

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-1172 SO AS TO EXEMPT THE RETIREMENT INCOME OF FIRST RESPONDERS AND LAW ENFORCEMENT OFFICERS; AND BY AMENDING SECTION 12-6-1170, RELATING TO RETIREMENT INCOME DEDUCTION, SO AS TO MAKE CONFORMING CHANGES.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts first responders' retirement income from taxation, providing targeted tax relief under budget/tax policy.95% confidence

Sub-Topics Income Tax

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in committee · South Carolina · Senate Jan 28, 2025

S 273: Food Desert Tax Credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3830 SO AS TO PROVIDE FOR AN INCOME TAX CREDIT FOR A GROCER THAT OPENS A NEW LOCATION IN A FOOD DESERT; AND BY AMENDING SECTION 12-36-2120, RELATING TO EXEMPTIONS FROM SALES TAX SO AS TO PROVIDE A SALES TAX EXEMPTION FOR CERTAIN PURCHASES MADE BY A GROCER THAT OPERATES A NEW STORE LOCATED IN A FOOD DESERT.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credits/exemptions for grocers in food deserts, using tax policy to fund community access to food (addressing public service needs via fiscal incentive).95% confidence

Sub-Topics Income Tax Sales Tax Tax Incentives

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in committee · South Carolina · House Jan 14, 2025

H 3585: Employee leave for school functions

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 59-1-456 SO AS TO PROVIDE THAT AN EMPLOYEE MAY BE GRANTED BY HIS EMPLOYER A SPECIFIED AMOUNT OF ADDITIONAL PAID LEAVE EACH YEAR FOR THE PURPOSE OF ATTENDING CERTAIN ELEMENTARY AND SECONDARY SCHOOL CONFERENCES OR ACTIVITIES DURING THE EMPLOYEE'S WORK HOURS OR TO ENGAGE IN CERTAIN VOLUNTEER TEACHING ACTIVITIES IN THE SCHOOLS, TO PROVIDE THAT THE EMPLOYERS OF THESE EMPLOYEES ARE ENTITLED TO A SPECIFIED STATE INCOME TAX DEDUCTION FOR THESE ACTIVITIES, AND TO PROVIDE THE PROCEDURES NECESSARY TO IMPLEMENT THE PROVISIONS OF THIS SECTION.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides state income tax deduction for employers, offering tax relief as a fiscal incentive for paid leave policies.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides paid leave for school activities, advancing workers' rights by enabling family engagement without pay loss. Tax deduction for employers is secondary to employee benefit.95% confidence

Sub-Topics Income Tax Paid Leave

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in committee · South Carolina · Senate Jan 17, 2025

S 131: Job Creation and Competitiveness Act

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS SO AS TO ENACT THE "SOUTH CAROLINA JOB CREATION AND COMPETITIVENESS ACT OF 2025"; BY REPEALING CHAPTERS 6 AND 20 OF TITLE 12 OF THE SOUTH CAROLINA CODE OF LAWS, RELATING TO THE SOUTH CAROLINA INCOME TAX ACT AND CORPORATE LICENSE FEES; BY ADDING CHAPTER 7 TO TITLE 12, RELATING TO INCOME TAX, TO PROVIDE THAT SOUTH CAROLINA TAXABLE INCOME FOR INDIVIDUALS, ESTATES, AND TRUSTS IS EQUAL TO THE THREE AND ONE-HALF PERCENT OF THE DIFFERENCE BETWEEN THE FEDERAL TAXABLE INCOME OF THE TAXPAYER AND THE STATE STANDARD DEDUCTION, TO PROVIDE FOR THE STATE STANDARD DEDUCTION, TO PROVIDE FOR AN EARNED INCOME TAX CREDIT, TO PROVIDE FOR INCOME TAXES PAID TO ANOTHER STATE, AND TO PROVIDE FOR THE TECHNICAL ASPECTS OF THE DEPARTMENT OF REVENUE IMPLEMENTING THIS CHAPTER; AND BY AMENDING SECTION 12-36-2120, RELATING TO EXEMPTIONS FROM SALES TAX, SO AS TO REPEAL CERTAIN EXEMPTIONS.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill repeals existing income tax chapters and establishes a 3.5% tax rate, reducing tax burden per summary; tax relief aligns with support indicators.90% confidence

Sub-Topics Income Tax Sales Tax Tax Credits

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in committee · South Carolina · House Feb 6, 2025

H 3498: Income tax brackets

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-510, RELATING TO INDIVIDUAL INCOME TAXES, SO AS TO PROVIDE THAT THE FIRST ONE MILLION DOLLARS OF TAXABLE INCOME IS TAXED AT A RATE OF ZERO PERCENT AND THE TOP MARGINAL RATE APPLIES THEREAFTER TO AMOUNTS OVER ONE MILLION DOLLARS.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides 0% tax rate on first $1M income, offering tax relief to middle/lower earners and aligning with fiscal responsibility indicators.95% confidence

Sub-Topics Income Tax

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in committee · South Carolina · Senate Jan 16, 2025

S 241: Eliminate Marriage Tax Penalty

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS SO AS TO ENACT THE "ELIMINATE THE MARRIAGE TAX PENALTY ACT"; AND BY ADDING SECTION 12-6-525 SO AS TO ALLOW MARRIED TAXPAYERS WHO FILE A JOINT FEDERAL RETURN TO CALCULATE THEIR AMOUNT OF SOUTH CAROLINA INCOME TAX OWED FOR THE TAX YEAR AS THOUGH EACH TAXPAYER FILED A RETURN AS A SINGLE TAXPAYER IF THE TAXPAYERS' CUMULATIVE TAX OWED WOULD BE LESS THAN THE AMOUNT THEY WOULD OWE HAD THEY FILED A JOINT RETURN.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief to married couples by allowing joint filers to calculate tax as single filers if beneficial, reducing state tax burden for qualifying households.85% confidence

Sub-Topics Income Tax

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