H 3622 Session 108 (1989-1990)
H 3622 General Bill, By House Ways and Means
A Bill to make supplemental appropriations from surplus for the expenses of
state government, to identify the source of funds and establish priorities for
the appropriations, and to amend the Code of Laws of South Carolina, 1976, by
adding Section 12-7-437 so as to allow a deduction from the South Carolina
taxable income of individuals, partnerships (including S Corporations),
estates, and trusts equal to fourteen percent of net long-term capital gain
for taxable years beginning after 1988, to define net long-term capital gain,
to authorize the South Carolina Tax Commission to promulgate implementing
regulations, and to provide that Section 12-7-437 of the 1976 Code shall take
effect if there is available five million six hundred thousand dollars of
fiscal year 1988-89 unobligated surplus revenues.
03/15/89 House Introduced, read first time, placed on calendar
without reference HJ-4
03/21/89 House Special order, set for following 2nd reading or
other consideration of H 3601 HJ-11
03/22/89 House Amended HJ-59
03/22/89 House Read second time HJ-79
03/23/89 House Read third time and sent to Senate HJ-11
03/28/89 Senate Introduced and read first time SJ-8
03/28/89 Senate Referred to Committee on Finance SJ-8
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