S 0033 Joint Resolution, By Passailaigue and M.T. Rose
 A Joint Resolution proposing an amendment to Article X of the Constitution of
 South Carolina, 1895, relating to finance and taxation,by adding an
 appropriately numbered Section so as to provide that laws enacted to maintain
 conformity of the state income tax with the provisions of the federal income
 tax may not result in increases or decreases in the state income tax liability
 of similar representative classes of individual and corporate taxpayers.

   01/12/93  Senate Introduced and read first time SJ-35
   01/12/93  Senate Referred to Committee on Finance SJ-35
   02/02/94  Senate Committee report: Favorable with amendment Finance SJ-8
   02/03/94  Senate Amended SJ-15
   02/08/94  Senate Read second time SJ-14
   02/08/94  Senate Ordered to third reading with notice of
                     amendments SJ-14
   02/09/94  Senate Read third time and sent to House SJ-21
   02/09/94  House  Introduced and read first time HJ-76
   02/09/94  House  Referred to Committee on Judiciary HJ-76

February 3, 1994

S. 33

S. Printed 2/3/94--S.

Read the first time January 12, 1993.

A JOINT RESOLUTION

PROPOSING AN AMENDMENT TO ARTICLE X OF THE CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING

TO FINANCE AND TAXATION, BY ADDING AN APPROPRIATELY NUMBERED SECTION SO AS TO PROVIDE THAT LAWS ENACTED TO MAINTAIN CONFORMITY OF THE STATE INCOME TAX WITH THE PROVISIONS OF THE FEDERAL INCOME TAX MAY NOT RESULT IN INCREASES OR DECREASES IN THE STATE INCOME TAX LIABILITY OF SIMILAR REPRESENTATIVE CLASSES OF INDIVIDUAL AND CORPORATE TAXPAYERS.

Amend Title To Conform

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

SECTION 1. It is proposed that Article X of the Constitution of this State be amended by adding an appropriately numbered section to read:

"SECTION ___. If laws enacted to conform the state income tax to provisions of the federal Internal Revenue Code result in a net increase in state income tax revenues due solely to the conforming legislation, the General Assembly shall revise the laws imposing the state income tax so as to eliminate this net increase."

SECTION 2. The proposed amendment must be submitted to the qualified electors at the next general election for representatives. Ballots must be provided at the various voting precincts with the following words printed or written on the ballot:

"Must Article X of the Constitution of this State relating to finance and taxation be amended by adding an appropriately numbered section so as to provide that, if laws enacted to conform the state income tax to federal income tax laws result in a net increase in state income tax revenue solely due to the conforming legislation, the General Assembly shall revise the laws imposing the state income tax so as to eliminate such an increase?

Those voting in favor of the question shall deposit a ballot with a check or cross mark in the square after the word `Yes' and those voting against the question shall deposit a ballot with a check or cross mark in the square after the word `No'."