The Ways and Means Committee proposes the following Amendment No. to H. 5057 (COUNCIL\SA\5057C001.JN.SA22):

Reference is to the bill as introduced.

Amend the bill, as and if amended, by adding an appropriately numbered SECTION to read:

/SECTION __. For tax year 2021, South Carolina adopts the federal exclusion from gross income for targeted Economic Injury Disaster Loan advances received from the Small Business Administration (SBA) and the federal exclusion from gross income for restaurant revitalization grant amounts received from the SBA as provided in Sections 9672 and 9673 of the American Rescue Plan Act. /