Rep. BAMBERG proposes the following amendment (LC-4216.DG0020H):

Amend the bill, as and if amended, by striking all after the enacting words and inserting:

SECTION 1. Article 5, Chapter 6, Title 12 of the S.C. Code is amended by adding:

 Section 12-6-511. Notwithstanding any other provision of law, for tax years beginning after 2024, no tax may be imposed on the South Carolina taxable income of individuals, estates, and trusts. Any provision of law that requires the imposition or imposition-related requirements, such as filings and withholdings, are no longer effective.

SECTION 2. Sections 12-6-510, 12-6-515, 12-6-520, and 12-6-545 of the S.C. Code are repealed.

SECTION 3. This act takes effect upon approval by the Governor and first applies to tax years beginning after 2025.

Renumber sections to conform.

Amend title to conform.