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H. 5304
STATUS INFORMATION
General Bill
Sponsors: Rep. Long
Document Path: l:\council\bills\jn\3067dg19.docx
Introduced in the House on February 27, 2020
Currently residing in the House Committee on Ways and Means
Summary: Income tax deductions
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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2/27/2020 House Introduced and read first time (House Journal-page 20)
2/27/2020 House Referred to Committee on Ways and Means
(House Journal-page 20)
View the latest legislative information at the website
VERSIONS OF THIS BILL
TO AMEND SECTION 12-6-1140, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEDUCTIONS FROM THE INDIVIDUAL INCOME TAX, SO AS TO ALLOW A DEDUCTION FOR ANY OVERTIME PAY RECEIVED PURSUANT TO THE FAIR LABOR STANDARDS ACT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-6-1140 of the 1976 Code, as last amended by Act 266 of 2018, is further amended by adding an appropriately numbered item at the end to read:
"( ) a deduction equal to any overtime pay received by an individual pursuant to the requirements of the Fair Labor Standards Act."
SECTION 2. This act takes effect upon approval by the Governor and applies to tax years beginning after 2019.
This web page was last updated on
February 28, 2020 at 10:36 AM