South Carolina General Assembly
126th Session, 2025-2026
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Indicates Matter Stricken
Indicates New Matter
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
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
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