H 4525 General Bill, By Campsen, Harrell, Altman, McGee, Wilkins, Cotty, Taylor, 
McKay, Quinn, Simrill, Barrett, Chellis, Delleney, Easterday, Hamilton, 
Harrison, Haskins, J. Hines, Law, Leach, Loftis, Lourie, Lucas, W. McLeod, 
Meacham-Richardson, Perry, Rice, Rodgers, Sandifer, Tripp, Trotter, Walker and 
Woodrum
 A BILL TO ENACT THE MARRIAGE PENALTY TAX RELIEF ACT BY AMENDING SECTION
 12-6-510, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO TAX RATES AND
 BRACKETS APPLICABLE TO INDIVIDUALS, ESTATES, AND TRUSTS FOR PURPOSES OF THE
 SOUTH CAROLINA INCOME TAX ACT, SO AS TO ALLOCATE EQUALLY BETWEEN SPOUSES SOUTH
 CAROLINA TAXABLE INCOME REPORTED ON A JOINT RETURN AND APPLY THE RATES AND
 BRACKETS SEPARATELY TO EACH INCOME THEREBY REDUCING THE STATE INCOME TAX
 LIABILITY FOR MARRIED COUPLES FILING JOINT RETURNS; AND TO REPEAL SECTION
 12-6-3330, RELATING TO THE TWO WAGE EARNER CREDIT FOR MARRIED INDIVIDUALS
 FILING JOINT RETURNS MADE OBSOLETE BY THE PROVISIONS OF THIS ACT.

   02/01/00  House  Introduced and read first time HJ-8
   02/01/00  House  Referred to Committee on Ways and Means HJ-8

TO ENACT THE MARRIAGE PENALTY TAX RELIEF ACT BY AMENDING SECTION 12-6-510, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO TAX RATES AND BRACKETS APPLICABLE TO INDIVIDUALS, ESTATES, AND TRUSTS FOR PURPOSES OF THE SOUTH CAROLINA INCOME TAX ACT, SO AS TO ALLOCATE EQUALLY BETWEEN SPOUSES SOUTH CAROLINA TAXABLE INCOME REPORTED ON A JOINT RETURN AND APPLY THE RATES AND BRACKETS SEPARATELY TO EACH INCOME THEREBY REDUCING THE STATE INCOME TAX LIABILITY FOR MARRIED COUPLES FILING JOINT RETURNS; AND TO REPEAL SECTION 12-6-3330, RELATING TO THE TWO WAGE EARNER CREDIT FOR MARRIED INDIVIDUALS FILING JOINT RETURNS MADE OBSOLETE BY THE PROVISIONS OF THIS ACT.

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

SECTION 1. This act may be cited as the "Marriage Penalty Tax Relief Act".

SECTION 2. Section 12-6-510 of the 1976 Code, as added by Act 76 of 1995, is amended by adding at the end:

"(C) In the case of married taxpayers filing a joint return pursuant to Section 12-6-5000, South Carolina taxable income is allocated equally between spouses and the rates and brackets provided in subsection (A) are applied separately to each income in determining the joint tax liability."

SECTION 3. Section 12-6-3330 of the 1976 Code is repealed.

SECTION 4. This act takes effect upon approval by the Governor and applies for taxable years beginning after 2000.