South Carolina Legislature


Session 110 - (1993-1994)Printer Friendly
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S 0666 General Bill, By Land
Similar (H 3907)
    A Bill to amend Section 12-7-435, as amended, Code of Laws of South Carolina, 1976, relating to deductions from South Carolina taxable income for purposes of the State Income Tax, so as to clarify the retirement income exclusion for surviving spouses; to amend Section 12-7-437, relating to the deduction from taxable income of a portion of net long-term capital gain, so as to provide that the deduction applies to net capital gain; to amend Section 12-7-1120, relating to allocation of income, so as to clarify the allocation of dividends of Subchapter S corporations; to amend Section 12-7-1260, relating to the employer's capital expenditure child care credit, so as to limit the credit to employers of South Carolina residents and to capital expenditures made in this State; to amend Section 12-7-1640, as amended, relating to the time for filing income tax returns, so as to provide that any tax due must be paid at the time the return is filed without regard to any extension; and to amend Section 12-7-2419, relating to the Eldercare Trust Fund checkoff, so as to clarify that the checkoff applies only to individual income tax returns.
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04/13/93Senate Introduced and read first time SJ-8
04/13/93Senate Referred to Committee on Finance SJ-8
01/19/94Senate Committee report: Favorable with amendment Finance SJ-13
01/20/94Senate Amended SJ-14
01/20/94Senate Read second time SJ-14
01/20/94Senate Ordered to third reading with notice of amendments SJ-14
01/25/94Senate Read third time and sent to House SJ-10
01/26/94House Introduced and read first time HJ-9
01/26/94House Referred to Committee on Ways and Means HJ-9

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