S 0591 General Bill, By Moore, Knotts, Reese, Land, Gregory, Short, Hutto, Grooms and Setzler
Summary: Five percent maximum rate phased in for taxpayers in the capacity as sole proprietor of certain business
    A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-6-537 SO AS TO PROVIDE A MAXIMUM FIVE PERCENT STATE INCOME TAX RATE PHASED IN OVER SIX TAXABLE YEARS ON SOUTH CAROLINA TAXABLE INCOME RECEIVED BY A TAXPAYER IN THE TAXPAYER'S CAPACITY AS A SOLE PROPRIETOR OF A BUSINESS, A SHAREHOLDER OF A SUBCHAPTER "S" CORPORATION, PARTNER IN A PARTNERSHIP, OR MEMBER OF A LIMITED LIABILITY COMPANY.
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03/03/05	Senate	Introduced and read first time SJ-19
03/03/05	Senate	Referred to Committee on Finance SJ-19