South Carolina General Assembly
126th Session, 2025-2026

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S. 234

STATUS INFORMATION

General Bill
Sponsors: Senators Leber, Fernandez, Elliott, Cash, Blackmon and Kennedy
Companion/Similar bill(s): 3435, 3779
Document Path: SR-0176KM25.docx

Introduced in the Senate on January 16, 2025
Finance

Summary: Income Tax

HISTORY OF LEGISLATIVE ACTIONS

Date Body Action Description with journal page number
1/16/2025 Senate Introduced and read first time (Senate Journal-page 5)
1/16/2025 Senate Referred to Committee on Finance (Senate Journal-page 5)

View the latest legislative information at the website

VERSIONS OF THIS BILL

01/16/2025



Senate: Leber

Attorney: Moffitt

Drafting Assistant: Warner

Date: January 13, 2025

DOC. ID.: /SENATE RESEARCH/KM/DRAFTS/SR-0176KM25/SR-0176KM25.DOCX

 

 

 

A bill

 

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-1120, RELATING TO GROSS INCOME, COMPUTATION OF GROSS INCOME, AND MODIFICATIONS TO GROSS INCOME FOR STATE INCOME TAX PURPOSES, SO AS TO EXCLUDE TIPS FROM THE COMPUTATION OF SOUTH CAROLINA GROSS, AND TO DEFINE TIPS.

 

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

 

SECTION 1.  Section 12-6-1120(3) of the S.C. Code is amended to read:

 

    (3) Reserved.South Carolina gross income does not include tips received during the taxable year that are included on statements furnished to the recipient's employer required by federal law. For the purposes of this item, "tips" are discretionary payments determined by a customer that an employee receives from the customer, including, but not limited to, cash tips received directly from the customer and tips from a customer through electronic settlement or payment.

 

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

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This web page was last updated on January 16, 2025 at 11:33 AM