Current Status Introducing Body:House Bill Number:3909 Primary Sponsor:Kirsh Committee Number:06 Type of Legislation:GB Subject:Income tax, Internal Revenue Code Residing Body:Senate Current Committee:Finance Computer Document Number:JIC/5727HC.93 Introduced Date:19930413 Last History Body:Senate Last History Date:19930525 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Kirsh Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved ____ ______ ____________ ______________________________ ___ ____________ 3909 Senate 19930525 Introduced, read first time, 06 referred to Committee 3909 House 19930520 Read third time, sent to Senate 3909 House 19930519 Read second time 3909 House 19930505 Committee Report: Favorable 30 3909 House 19930413 Introduced, read first time, 30 referred to CommitteeView additional legislative information at the LPITS web site.
Indicates Matter Stricken
Indicates New Matter
COMMITTEE REPORT
May 5, 1993
H. 3909
S. Printed 5/5/93--H.
Read the first time April 13, 1993.
To whom was referred a Bill (H. 3909), to amend Section 12-7-20, as amended, Code of Laws of South Carolina, 1976, relating to definitions for purposes of the state income tax, etc., respectfully
That they have duly and carefully considered the same, and recommend that the same do pass with amendment:
This Bill amends Section 12-7-20, as amended, relating to definitions for purposes of the state income tax, so as to update the reference date whereby this state adopts certain provisions of the Internal Revenue Code of 1986.
This Bill would have no effect on state or local revenue.
The proposal updates the South Carolina income tax code to changes made in the Internal Revenue Code through December 31, 1992. The amendment is an annual change to keep South Carolina in compliance with the Internal Revenue Code so that simplified forms can be maintained and information captured by the Internal Revenue Service can be used by the State and vis versa. The proposed change would have no effect on state or local revenue in the upcoming year.
Approved By:
James M. Waddell, Jr.
S.C. Tax Commission
TO AMEND SECTION 12-7-20, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEFINITIONS FOR PURPOSES OF THE STATE INCOME TAX, SO AS TO UPDATE THE REFERENCE DATE WHEREBY THIS STATE ADOPTS CERTAIN PROVISIONS OF THE INTERNAL REVENUE CODE OF 1986.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-7-20(11) of the 1976 Code, as last amended by Act 361 of 1992, is further amended to read:
"(11) `Internal Revenue Code' means the Internal Revenue Code of 1986 as amended through December 31, 1991 1992."
SECTION 2. This act takes effect upon approval by the Governor.