Download This Bill in Microsoft Word format
A46, R56, H4017
STATUS INFORMATION
General Bill
Sponsors: Rep. Ballentine
Document Path: LC-0164DG23.docx
Introduced in the House on February 23, 2023
Introduced in the Senate on April 6, 2023
Currently residing in the House
Summary: Internal Revenue Code conformity
HISTORY OF LEGISLATIVE ACTIONS
| Date | Body | Action Description with journal page number |
|---|---|---|
| 2/23/2023 | House | Introduced and read first time (House Journal-page 12) |
| 2/23/2023 | House | Referred to Committee on Ways and Means (House Journal-page 12) |
| 3/30/2023 | House | Committee report: Favorable Ways and Means (House Journal-page 11) |
| 4/5/2023 | House | Read second time (House Journal-page 131) |
| 4/5/2023 | House | Roll call Yeas-113 Nays-0 (House Journal-page 131) |
| 4/6/2023 | House | Read third time and sent to Senate (House Journal-page 27) |
| 4/6/2023 | Senate | Introduced and read first time (Senate Journal-page 40) |
| 4/6/2023 | Senate | Referred to Committee on Finance (Senate Journal-page 40) |
| 4/27/2023 | Senate | Committee report: Favorable Finance (Senate Journal-page 8) |
| 5/4/2023 | Senate | Read second time (Senate Journal-page 27) |
| 5/4/2023 | Senate | Roll call Ayes-39 Nays-0 (Senate Journal-page 27) |
| 5/9/2023 | Senate | Read third time and enrolled (Senate Journal-page 44) |
| 5/11/2023 | Ratified R 56 | |
| 5/16/2023 | Signed By Governor | |
| 5/26/2023 | Effective date 05/16/23 | |
| 5/26/2023 | Act No. 46 |
View the latest legislative information at the website
VERSIONS OF THIS BILL
(A46, R56, H4017)
AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-40, RELATING TO APPLICATION OF THE FEDERAL INTERNAL REVENUE CODE TO STATE TAX LAWS, SO AS TO UPDATE THE REFERENCE TO THE INTERNAL REVENUE CODE TO THE YEAR 2022 AND TO PROVIDE THAT IF THE INTERNAL REVENUE CODE SECTIONS ADOPTED BY THIS STATE ARE EXTENDED, THEN THESE SECTIONS ALSO ARE EXTENDED FOR SOUTH CAROLINA INCOME TAX PURPOSES.
Be it enacted by the General Assembly of the State of South Carolina:
Internal Revenue Code conformity
SECTION 1. Section 12-6-40(A)(1)(a) and (c) of the S.C. Code is amended to read:
(a) Except as otherwise provided, "Internal Revenue Code" means the Internal Revenue Code of 1986, as amended through December 31, 2022, and includes the effective date provisions contained in it.
(c) If Internal Revenue Code sections adopted by this State which expired or portions thereof expired on December 31, 2022, are extended, but otherwise not amended, by congressional enactment during 2023, these sections or portions thereof also are extended for South Carolina income tax purposes in the same manner that they are extended for federal income tax purposes.
Time effective
SECTION 2. This act takes effect upon approval by the Governor.
Ratified the 11th day of May, 2023.
Approved the 16th day of May, 2023.
This web page was last updated on June 14, 2023 at 4:13 PM