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Session 124 - (2021-2022)Printer Friendly
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S*1087 (Rat #0259, Act #0228 of 2022) General Bill, By Peeler, Alexander, Kimbrell, Shealy, Turner, Climer, M. Johnson, Martin, Corbin, Davis, Massey, Rice, Adams, Garrett, Cash, Young, Malloy, Williams, Loftis, Gambrell, Talley, Cromer, Scott, Jackson, Stephens, Campsen, Verdin, Grooms and McElveen
    AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, SO AS TO ENACT THE "COMPREHENSIVE TAX CUT ACT OF 2022"; TO AMEND SECTION 12-6-510, RELATING TO THE INDIVIDUAL INCOME TAX, SO AS TO PHASE-IN A REDUCTION OF THE TOP MARGINAL RATE TO SIX PERCENT AND TO COLLAPSE OTHER INCOME TAX BRACKETS INTO THE BRACKET TO WHICH THE THREE PERCENT RATE APPLIES; TO AMEND SECTION 12-6-1171, RELATING TO THE MILITARY RETIREMENT DEDUCTION, SO AS TO EXEMPT ALL MILITARY RETIREMENT INCOME; TO REPEAL SECTION 12-6-515 RELATING TO AN ARCHAIC INDIVIDUAL INCOME TAX PROVISION; TO AMEND SECTION 12-37-220, AS AMENDED, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO INCREASE A PROPERTY TAX EXEMPTION FOR CERTAIN MANUFACTURING PROPERTY AND TO INCREASE THE APPLICABLE LIMIT; AND TO APPROPRIATE ONE BILLION DOLLARS FROM THE CONTINGENCY RESERVE FUND TO THE TAXPAYER REBATE FUND TO PROVIDE REBATES TO INDIVIDUAL INCOME TAXPAYERS. - ratified title
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02/17/22Senate Introduced and read first time (Senate Journal-page 6)
02/17/22Senate Referred to Committee on Finance (Senate Journal-page 6)
03/08/22Senate Committee report: Favorable with amendment Finance (Senate Journal-page 13)
03/10/22Senate Committee Amendment Adopted (Senate Journal-page 17)
03/10/22Senate Read second time (Senate Journal-page 17)
03/10/22Senate Roll call Ayes-40 Nays-0 (Senate Journal-page 17)
03/15/22Senate Read third time and sent to House (Senate Journal-page 19)
03/15/22Senate Roll call Ayes-39 Nays-0 (Senate Journal-page 19)
03/29/22House Introduced and read first time (House Journal-page 38)
03/29/22House Referred to Committee on Ways and Means (House Journal-page 38)
05/05/22House Committee report: Favorable with amendment Ways and Means (House Journal-page 83)
05/06/22 Scrivener's error corrected
05/10/22House Amended (House Journal-page 588)
05/10/22House Read second time (House Journal-page 588)
05/10/22House Roll call Yeas-110 Nays-0 (House Journal-page 594)
05/10/22House Reconsider vote whereby read second time (House Journal-page 612)
05/10/22House Debate adjourned (House Journal-page 612)
05/11/22House Motion to reconsider tabled
05/11/22House Read third time and returned to Senate with amendments (House Journal-page 11)
05/11/22Senate Non-concurrence in House amendment (Senate Journal-page 178)
05/11/22House House insists upon amendment and conference committee appointed Reps. Simrill, GM Smith, Rutherford (House Journal-page 295)
05/12/22Senate Conference committee appointed Peeler, Setzler, Alexander (Senate Journal-page 34)
06/15/22House Conference report received and adopted (House Journal-page 47)
06/15/22House Roll call Yeas-110 Nays-0 (House Journal-page 52)
06/15/22Senate Conference report received and adopted (Senate Journal-page 28)
06/15/22Senate Roll call Ayes-42 Nays-0 (Senate Journal-page 28)
06/15/22Senate Ordered enrolled for ratification (Senate Journal-page 30)
06/16/22 Ratified R 259
06/17/22 Signed By Governor
06/28/22 Effective date See Act for Effective Date
06/28/22 Act No. 228



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