H 3834  General Bill, By Finlay, Hardee, Carter, B.Cox, W.Newton, Collins, M.M.Smith, 
Haddon, Burns, Bustos, Ballentine, Huggins, Yow, Elliott, Davis, Willis, 
Hyde, Hewitt, Pope and G.M.Smith
 A BILL TO AMEND SECTION 12-6-1120, CODE OF LAWS OF SOUTH CAROLINA, 1976,
 RELATING TO MODIFICATIONS TO GROSS INCOME FOR INDIVIDUAL INCOME TAX PURPOSES,
 SO AS TO EXCLUDE OVERTIME PAY AND CERTAIN BONUS PAY FROM GROSS INCOME.

   02/09/21  House  Introduced and read first time (House Journal-page 5)
   02/09/21  House  Referred to Committee on Ways and Means
                     (House Journal-page 5)
   02/23/21  House  Member(s) request name added as sponsor: Hardee,
                     Carter, B.Cox, W.Newton, Collins, M.M.Smith,
                     Haddon, Burns
   02/24/21  House  Member(s) request name added as sponsor: Bustos,
                     Ballentine, Huggins, Yow, Elliott, Davis, Willis
   03/09/21  House  Member(s) request name added as sponsor: Hyde
   03/10/21  House  Member(s) request name added as sponsor: Hewitt
   04/07/21  House  Member(s) request name added as sponsor: Pope
   06/08/21  House  Member(s) request name added as sponsor: G.M.Smith

TO AMEND SECTION 12-6-1120, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO MODIFICATIONS TO GROSS INCOME FOR INDIVIDUAL INCOME TAX PURPOSES, SO AS TO EXCLUDE OVERTIME PAY AND CERTAIN BONUS PAY FROM GROSS INCOME.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Section 12-6-1120 of the 1976 Code is amended by adding an appropriately numbered item at the end to read:

    "( )    South Carolina gross income does not include any overtime pay received by an individual pursuant to the requirements of the Fair Labor Standards Act nor does it include the first two thousand five hundred dollars of bonus pay received by an individual in the tax year."

SECTION    2.    This act takes effect upon approval by the Governor and applies to tax years beginning after 2020.