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A63, R90, S507
STATUS INFORMATION
General Bill
Sponsors: Senators Peeler, Alexander and Turner
Document Path: LC-0207DG25.docx
Introduced in the Senate on March 27, 2025
Introduced in the House on April 30, 2025
Currently residing in the House
Governor's Action: May 22, 2025, Signed
Summary: IRC conformity
HISTORY OF LEGISLATIVE ACTIONS
| Date | Body | Action Description with journal page number |
|---|---|---|
| 3/27/2025 | Senate | Introduced and read first time (Senate Journal-page 4) |
| 3/27/2025 | Senate | Referred to Committee on Finance (Senate Journal-page 4) |
| 4/23/2025 | Senate | Polled out of committee Finance (Senate Journal-page 11) |
| 4/23/2025 | Senate | Committee report: Favorable Finance (Senate Journal-page 11) |
| 4/24/2025 | Senate | Read second time (Senate Journal-page 37) |
| 4/24/2025 | Senate | Roll call Ayes-39 Nays-0 (Senate Journal-page 37) |
| 4/29/2025 | Senate | Read third time and sent to House (Senate Journal-page 25) |
| 4/30/2025 | House | Introduced and read first time (House Journal-page 109) |
| 4/30/2025 | House | Referred to Committee on Ways and Means (House Journal-page 109) |
| 5/6/2025 | House | Committee report: Favorable Ways and Means (House Journal-page 2) |
| 5/7/2025 | House | Read second time (House Journal-page 24) |
| 5/7/2025 | House | Roll call Yeas-109 Nays-2 (House Journal-page 25) |
| 5/8/2025 | House | Read third time and enrolled (House Journal-page 81) |
| 5/20/2025 | Ratified R 90 | |
| 5/22/2025 | Signed By Governor | |
| 5/27/2025 | Effective date 05/22/25 | |
| 5/27/2025 | Act No. 63 |
View the latest legislative information at the website
VERSIONS OF THIS BILL
03/27/2025
04/23/2025
05/06/2025
(A63, R90, S507)
AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-40, RELATING TO APPLICATION OF FEDERAL INTERNAL REVENUE CODE TO STATE TAX LAWS, SO AS TO UPDATE THE REFERENCE TO THE INTERNAL REVENUE CODE TO THE YEAR 2024, AND TO PROVIDE THAT IF THE INTERNAL REVENUE CODE SECTIONS ADOPTED BY THIS STATE ARE EXTENDED, THEN THESE SECTIONS ALSO ARE EXTENDED FOR SOUTH CAROLINA INCOME TAX PURPOSES.
Be it enacted by the General Assembly of the State of South Carolina:
Internal Revenue Code conformity
SECTION 1. Section 12-6-40(A)(1)(a) and (c) of the S.C. Code is amended to read:
(a) Except as otherwise provided, "Internal Revenue Code" means the Internal Revenue Code of 1986, as amended through December 31, 2024, and includes the effective date provisions contained in it.
(c) If Internal Revenue Code sections adopted by this State which expired or portions thereof expired on December 31, 2024, are extended, but otherwise not amended, by congressional enactment during 2025, these sections or portions thereof also are extended for South Carolina income tax purposes in the same manner that they are extended for federal income tax purposes.
Time effective
SECTION 2. This act takes effect upon approval by the Governor.
Ratified the 20th day of May, 2025.
Approved the 22nd day of May, 2025.
This web page was last updated on June 17, 2025 at 1:32 PM