S 0591 General Bill, By Reese
Summary: Individual retirement plans or 401(k)
    A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-6-1175 SO AS TO PROVIDE THAT WITHDRAWAL OF FUNDS AT ANY AGE FROM AN INDIVIDUAL RETIREMENT ACCOUNT (IRA), A 401-K ACCOUNT, OR OTHER QUALIFIED TAX-DEFERRED PLAN BY A RESIDENT OF THIS STATE IS FREE OF ALL STATE OF SOUTH CAROLINA INCOME TAX OR PENALTIES FOR EARLY WITHDRAWAL IF ALL OF THE FUNDS ARE CONTRIBUTED TO A CHARITABLE, EDUCATIONAL, RELIGIOUS, OR ELEEMOSYNARY ORGANIZATION WITHIN SIXTY DAYS OF WITHDRAWAL.
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03/20/07	Senate	Introduced and read first time SJ-11
03/20/07	Senate	Referred to Committee on Finance SJ-11