South Carolina General Assembly
114th Session, 2001-2002

Scroll to History Page
Scroll to Previous Versions Links List
Scroll to Full Text
Download This Bill in Microsoft Word format

Bill 3791

Indicates Matter Stricken
Indicates New Matter

                    Current Status

Bill Number:                      3791
Type of Legislation:              General Bill GB
Introducing Body:                 House
Introduced Date:                  20010322
Primary Sponsor:                  Campsen
All Sponsors:                     Campsen, Altman and Easterday
Drafted Document Number:          l:\council\bills\bbm\10104htc01.doc
Residing Body:                    House
Current Committee:                Ways and Means Committee 30 HWM
Subject:                          Federal Income Tax Deductibility Act, 
                                  Taxation, Exemptions and deductions; Acts 
                                  Cited By Popular Name


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
House   20010322  Introduced, read first time,           30 HWM
                  referred to Committee


              Versions of This Bill
View additional legislative information at the LPITS web site.

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, ENACTING THE SOUTH CAROLINA FEDERAL INCOME TAX DEDUCTIBILITY ACT BY ADDING SECTION 12-6-1135 SO AS TO ALLOW THE DEDUCTION OF FEDERAL INCOME TAXES PAID IN CALCULATING SOUTH CAROLINA TAXABLE INCOME FOR PURPOSES OF THE SOUTH CAROLINA INCOME TAX ACT.

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

SECTION    1.    This act may be cited as the South Carolina Federal Income Tax Deductibility Act.

SECTION    2.    Article 9, Chapter 6, Title 12 of the 1976 Code is amended by adding:

    "Section 12-6-1135.    There is allowed as a deduction from South Carolina taxable income the total of federal income tax paid by the taxpayer in the taxable year. For purposes of this section, federal income tax is a tax imposed pursuant to Subtitle A of the Internal Revenue Code."

SECTION    3.    This act takes effect upon approval by the Governor and applies for taxable years beginning after 2001.

----XX----


This web page was last updated on Tuesday, December 8, 2009 at 11:30 A.M.