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3121 found 4 times.

H 3475

Session 125 (2023-2024)

H 3475  General Bill, By B. Newton, Gilliam, McCravy, S. Jones, White, Pope, 
Mitchell, Yow, Gagnon and Willis
 A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 9-1-10,
 RELATING TO DEFINITIONS APPLICABLE TO THE SOUTH CAROLINA RETIREMENT SYSTEM, SO
 AS TO PROVIDE THAT EARNABLE COMPENSATION DOES NOT INCLUDE CERTAIN AMOUNTS PAID
 TO MANAGERS AND CLERKS OF ELECTIONS; AND BY AMENDING SECTION 12-6-1120,
 RELATING TO THE COMPUTATION OF SOUTH CAROLINA GROSS INCOME, SO AS TO EXCLUDE
 CERTAIN AMOUNTS PAID TO MANAGERS AND CLERKS OF ELECTIONS.

   12/8/2022  House  Prefiled
   12/8/2022  House  Referred to Committee on Ways and Means
   1/10/2023  House  Introduced and read first time (House Journal-page 181)
   1/10/2023  House  Referred to Committee on Ways and Means (House Journal-page 181)
   1/12/2023  House  Member(s) request name added as sponsor: S.
                     Jones,  White
   1/19/2023  House  Member(s) request name added as sponsor: Pope
   1/31/2023  House  Member(s) request name added as sponsor: Mitchell,  Yow
   2/7/2023  House  Member(s) request name added as sponsor: Gagnon
   3/14/2023  House  Member(s) request name added as sponsor: Willis

VERSIONS OF THIS BILL

12/08/2022

H 3475 General Bill, By B. Newton, Gilliam, McCravy, S. Jones, White, Pope, Mitchell, Yow, Gagnon and Willis

A bill

to amend the South Carolina Code of Laws by amending Section 9-1-10, relating to definitions applicable to the south carolina retirement system, so as to provide that earnable compensation does not include certain amounts paid to managers and clerks of elections; and by amending Section 12-6-1120, relating to the computation of south carolina gross income, so as to exclude certain amounts paid to managers and clerks of elections.

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

SECTION 1.A. Section 9-1-10(8) of the S.C. Code is amended by adding a subitem to read:

(c) Earnable compensation does not include amounts paid to managers and clerks of elections to the extent the amounts are not subject to Federal Insurance Contribution Act tax pursuant to Internal Revenue Code Sections 3121(b)(7)(F)(iv) and 3121(u)(2)(B)(ii)(V).

B. This SECTION takes effect on June 30, 2023.

SECTION 2. Section 12-6-1120 of the S.C. Code is amended by adding

(11) Amounts paid to managers and clerks of elections to the extent the amounts are not subject to Federal Insurance Contribution Act tax pursuant to Internal Revenue Code Sections 3121(b)(7)(F)(iv) and 3121(u)(2)(B)(ii)(V).

SECTION 3. Except as otherwise provided, this act takes effect upon approval by the Governor and applies to tax years beginning after 2022.

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