South Carolina General Assembly
123rd Session, 2019-2020

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Indicates Matter Stricken
Indicates New Matter

S. 897

STATUS INFORMATION

General Bill
Sponsors: Senator Turner
Document Path: l:\s-res\rt\015tax .kmm.rt.docx

Introduced in the Senate on January 14, 2020
Currently residing in the Senate Committee on Finance

Summary: Tax rates for individuals, estates, and trusts

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
  12/11/2019  Senate  Prefiled
  12/11/2019  Senate  Referred to Committee on Finance
   1/14/2020  Senate  Introduced and read first time (Senate Journal-page 31)
   1/14/2020  Senate  Referred to Committee on Finance (Senate Journal-page 31)

View the latest legislative information at the website

VERSIONS OF THIS BILL

12/11/2019

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

A BILL

TO AMEND SECTION 12-6-510 OF THE 1976 CODE, RELATING TO TAX RATES FOR INDIVIDUALS, ESTATES, AND TRUSTS, TO PROVIDE THAT INDIVIDUALS UNDER THE AGE OF THIRTY ARE EXEMPT FROM INDIVIDUAL INCOME TAXATION.

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

SECTION    1.    Section 12-6-510 of the 1976 Code is amended by adding a new subsection to read:

    "(C)    An individual who has not yet attained the age of thirty is exempted from taxation imposed pursuant to this section."

SECTION    2.    This act takes effect upon approval by the Governor and applies to taxable years beginning after 2019.

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This web page was last updated on January 17, 2020 at 4:09 PM