The Ways and Means Committee proposes the following amendment (LC-3368.DG0002H):

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

SECTION 1. Section 12-6-40(A)(1)(a) and (c) of the S.C. Code is amended to read:

   (a) Except as otherwise provided, "Internal Revenue Code" means the Internal Revenue Code of 1986, as amended through December 31, 20242025, and includes the effective date provisions contained in it.

   (c) If Internal Revenue Code sections adopted by this State which expired or portions thereof expired on December 31, 20242025, are extended, but otherwise not amended, by congressional enactment during 20252026, these sections or portions thereof also are extended for South Carolina income tax purposes in the same manner that they are extended for federal income tax purposes.

SECTION 2. This act takes effect upon approval by the Governor.

Renumber sections to conform.

Amend title to conform.