South Carolina General Assembly
123rd Session, 2019-2020

Download This Bill in Microsoft Word format

A16, R25, H3985

STATUS INFORMATION

General Bill
Sponsors: Reps. Lucas, G.M. Smith and Stavrinakis
Document Path: l:\council\bills\nbd\11214dg19.docx

Introduced in the House on February 14, 2019
Introduced in the Senate on February 28, 2019
Passed by the General Assembly on March 20, 2019
Governor's Action: March 28, 2019, Signed

Summary: IRS Code

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   2/14/2019  House   Introduced, read first time, placed on calendar without 
                        reference (House Journal-page 35)
   2/21/2019  House   Debate adjourned until  Wed., 2-27-19 
                        (House Journal-page 111)
   2/27/2019  House   Read second time (House Journal-page 6)
   2/27/2019  House   Roll call Yeas-102  Nays-0 (House Journal-page 6)
   2/28/2019  House   Read third time and sent to Senate 
                        (House Journal-page 11)
   2/28/2019  Senate  Introduced and read first time (Senate Journal-page 10)
   2/28/2019  Senate  Referred to Committee on Finance (Senate Journal-page 10)
   3/12/2019  Senate  Committee report: Favorable Finance 
                        (Senate Journal-page 48)
   3/14/2019  Senate  Read second time (Senate Journal-page 31)
   3/14/2019  Senate  Roll call Ayes-39  Nays-0 (Senate Journal-page 31)
   3/20/2019  Senate  Read third time and enrolled (Senate Journal-page 17)
   3/27/2019          Ratified R  25
   3/28/2019          Signed By Governor
    4/2/2019          Effective date  03/28/19
    4/8/2019          Act No.  16

View the latest legislative information at the website

VERSIONS OF THIS BILL

2/14/2019
2/14/2019-A
3/12/2019


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

(A16, R25, H3985)

AN ACT TO AMEND SECTION 12-6-40, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE APPLICATION OF THE INTERNAL REVENUE CODE TO STATE INCOME TAX LAWS, SO AS TO UPDATE THE REFERENCE TO THE INTERNAL REVENUE CODE TO THE YEAR 2018 AND TO PROVIDE THAT IF THE INTERNAL REVENUE CODE SECTIONS ADOPTED BY THIS STATE ARE EXTENDED, THEN THESE SECTIONS ALSO ARE EXTENDED FOR SOUTH CAROLINA INCOME TAX PURPOSES.

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

Internal Revenue Code comformity

SECTION    1.    Section 12-6-40(A)(1)(a) and (c) of the 1976 Code, as last amended by Act 266 of 2018, is further amended to read:

"(a)    Except as otherwise provided, 'Internal Revenue Code' means the Internal Revenue Code of 1986, as amended through December 31, 2018, and includes the effective date provisions contained in it.

(c)    If Internal Revenue Code sections adopted by this State which expired or portions thereof expired on December 31, 2017, or during 2018, are extended, but otherwise not amended, by congressional enactment during 2019, these sections or portions thereof also are extended for South Carolina income tax purposes in the same manner that they are extended for federal income tax purposes."

Time effective

SECTION    2.    This act takes effect upon approval by the Governor.

Ratified the 27th day of March, 2019.

Approved the 28th day of March, 2019.

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This web page was last updated on April 18, 2019 at 1:41 PM