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Session 121 - (2015-2016)Printer Friendly
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H 3164 General Bill, By Stringer, G.R. Smith, Henderson, Hicks and Rivers
Summary: Flat tax rate
    A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING ARTICLE 7 TO CHAPTER 6, TITLE 12 SO AS TO REPLACE THE INDIVIDUAL INCOME TAX WITH A FLAT TAX RATE EQUAL TO THREE AND ONE-HALF PERCENT ON THE TAXPAYER'S FEDERAL ADJUSTED GROSS INCOME, TO ALLOW A TAX FORGIVENESS CREDIT BASED ON INCOME AND NUMBER OF INDIVIDUALS LISTED ON THE RETURN, INCLUDING A SPOUSE AND DEPENDENTS, TO ALLOW A CREDIT FOR INCOME TAXES PAID IN ANOTHER STATE, AND TO PROVIDE THAT A TAXPAYER MUST FILE A RETURN IF THE TAXPAYER HAS ANY ADJUSTED GROSS INCOME.
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12/11/14House Prefiled
12/11/14House Referred to Committee on Ways and Means
01/13/15House Introduced and read first time (House Journal-page 121)
01/13/15House Referred to Committee on Ways and Means (House Journal-page 121)
02/18/15House Member(s) request name added as sponsor: Hicks
03/10/16House Member(s) request name added as sponsor: Rivers



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