H 3221 Session 108 (1989-1990)
H 3221 General Bill, By W.S. McCain, M.D. Burriss, H.H. Clyborne, W.N. Cork,
R.S. Corning, Haskins, J.C. Hearn and D.A. Wright
A Bill to amend the Code of Laws of South Carolina, 1976, by adding Section
12-7-438 so as to allow a state income tax deduction from South Carolina
taxable income of individuals, partnerships, estates, and trusts equal to
sixty percent of net long-term capital gains for taxable years beginning in
1989, eighty percent for taxable years beginning in 1990, and one hundred
percent for taxable years beginning after 1990.
01/17/89 House Introduced and read first time HJ-18
01/17/89 House Referred to Committee on Ways and Means HJ-18
03/28/89 House Tabled in committee
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