Bill 4060

                    Current Status

Bill Number:                       4060
Type of Legislation:               General Bill GB
Introducing Body:                  House
Introduced Date:                   19970422
Primary Sponsor:                   Hinson
All Sponsors:                      Hinson, Seithel, Barrett,
                                   Bailey, Sandifer, Inabinett,
                                   Meacham, Campsen, Kelley, McMaster,
                                   Byrd, Keegan, Cotty, J. Brown,
                                   Davenport, Hamilton, Simrill,
                                   Vaughn, Dantzler, Limehouse, Leach,
                                   Whatley, Gamble and Wilkes 
Drafted Document Number:           dka\4470mm.97
Residing Body:                     Senate
Current Committee:                 Finance Committee 06 SF
Date of Last Amendment:            19970514
Subject:                           Income tax refunds, direct
                                   deposit of to be provided;
                                   Taxation

Body    Date      Action Description                       Com     Leg Involved
______  ________  _______________________________________  _______ ____________
Senate  19970520  Introduced, read first time,             06 SF
                  referred to Committee
House   19970515  Read third time, sent to Senate
House   19970514  Amended, read second time
House   19970513  Committee report: Favorable with         30 HWM
                  amendment
House   19970422  Introduced, read first time,             30 HWM
                  referred to Committee

AMENDED

May 14, 1997

H. 4060

Introduced by Reps. Hinson, Seithel, Barrett, Bailey, Sandifer, Inabinett, Meacham, Campsen, Kelley, McMaster, Byrd, Keegan, Cotty, J. Brown, Davenport, Hamilton, Simrill, Vaughn, Dantzler, Limehouse, Leach, Whatley, Gamble and Wilkes

S. Printed 5/14/97--H.

Read the first time April 22, 1997.

TO AMEND ARTICLE 41, CHAPTER 6, TITLE 12, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO MISCELLANEOUS PROVISIONS OF THE SOUTH CAROLINA INCOME TAX ACT, BY ADDING SECTION 12-6-5545 SO AS TO PROVIDE FOR DIRECT DEPOSIT OF STATE INCOME TAX REFUNDS.

Amend Title To Conform

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

SECTION 1. Article 41, Chapter 6, Title 12 of the 1976 Code is amended by adding:

"Section 12-6-5545. The department shall provide for and offer, at the election of the taxpayer, a process for direct deposit to the account of the taxpayer of an income tax refund due the taxpayer because of income tax overpayment. Costs to the department for implementing the requirements of this section must be absorbed by the agency within its existing budget."

SECTION 2. This act is effective for taxable years beginning after 1996.