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Bill Number: 3359 Ratification Number: 364 Act Number 349 Introducing Body: House Subject: State income tax purposes the provisions of the Internal Revenue Code innocent spouse rule
(A349, R364, H3359)
AN ACT TO AMEND THE CODE OF LAWS OS SOUTH CAROLINA, 1976, BY ADDING SECTION 12-54-35 SO AS TO ADOPT FOR STATE INCOME TAX PURPOSES THE PROVISIONS OF THE INTERNAL REVENUE CODE INNOCENT SPOUSE RULE; AND TO AMEND SECTION 12-7-20, AS AMENDED, RELATING TO DEFINITIONS FOR PURPOSES OF STATE INCOME TAX, SO AS TO UPDATE THE REFERENCE DATE OF THIS STATE'S ADOPTION OF VARIOUS PROVISIONS OF THE INTERNAL REVENUE CODE OF 1986.
Be it enacted by the General Assembly of the State of South Carolina:
Federal law applies
SECTION 1. Chapter 54 of Title 12 of the 1976 Code is amended by adding:
"Section 12-54-35. Section 6013(e) of the Internal Revenue Code of 1986, as amended through December 31, 1986, applies in the determination of the liabilities of a spouse."
SECTION 2. Section 12-7-20(11) of the 1976 Code, as amended by subsection A of Section 25 of Part II of Act 170 of 1987, is further amended to read:
"(11) 'Internal Revenue Code' means the Internal Revenue Code of 1986 as amended through December 31, 1987."
SECTION 3. The provisions of Section 112-7-20(11) of the 1976 Code, as amended by Section 2 of this act, are effective for tax years beginning after December 31, 1987.
SECTION 4. This act takes effect upon approval by the Governor.