Download This Version in Microsoft Word format
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 27, 2020 at 10:21 AM