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Session 121 - (2015-2016)Printer Friendly
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S 0027 General Bill, By Grooms and Campsen
Summary: Tax Rates for Individuals
    A BILL TO AMEND SECTION 12-6-510 OF THE 1976 CODE, RELATING TO TAX RATES FOR INDIVIDUALS, ESTATES, AND TRUSTS FOR TAXABLE YEARS AFTER 1994, TO PROVIDE FOR AN ANNUAL TWO TENTHS OF ONE PERCENT REDUCTION IN TAX RATES BEGINNING IN TAX YEAR 2016 AND CEASING AFTER TAX YEAR 2025, AT WHICH TIME THE REDUCTION IN EACH AFFECTED TAX BRACKET SHALL BE PERMANENT; AND TO AMEND SECTION 12-28-310, RELATING TO USER FEES ON GASOLINE AND DIESEL FUEL, TO PROVIDE FOR AN ANNUAL TWO CENT INCREASE IN THE MOTOR FUEL USER FEE FOR A PERIOD OF TEN YEARS BEGINNING ON JANUARY 1, 2016 AND ENDING ON JANUARY 1, 2025.
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12/03/14Senate Prefiled
12/03/14Senate Referred to Committee on Finance



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