Amend the committee report, as and if amended, SECTION 1.B., by striking Section 12-6-1171(A) and inserting:
/ "Section 12-6-1171. (A) An individual taxpayer who has military retirement income, each year may deduct an amount of earned income from South Carolina taxable income equal to the amount of military retirement income, not to exceed fifteen thousand dollars. Beginning in the year in which the taxpayer reaches age sixty-five, the taxpayer may deduct up to thirty thousand dollars of military retirement income that is included in South Carolina taxable income. /
Renumber sections to conform.
Amend title to conform.