Staff Analysis of the Legislation
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04.25.2024 The House Ways and Means Committee gave this bill a favorable report as amended. The amendment removes the previously adopted subcommittee amendment; adds language from H5225; and gives counties the option to exempt groceries from local transportation sales taxes.
04.17.2024 The House Ways and Means Sales, Use and Income Tax subcommittee gave this bill a favorable report as amended. The amendment phases in the increase and the tax deduction over the next four years.
02.27.2024 The Senate Finance Committee gave this bill a favorable report.
02.20.2024 The Senate Finance Sales and Income Tax subcommittee gave this bill a favorable report.
Summary of the bill as introduced: Increases the subsistence deduction amount from the individual taxable income of law enforcement officers and firefighters. |
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S*0969 (Rat #0242) General Bill, By Alexander, Peeler, Setzler, K. Johnson, Young, Malloy, Senn, Stephens, McLeod and Gustafson
Summary: Income tax deductions AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-1140, RELATING TO DEDUCTIONS FROM INDIVIDUAL TAXABLE INCOME, SO AS TO INCREASE THE SUBSISTENCE DEDUCTION AMOUNT FOR CERTAIN PAID PUBLIC SERVANTS SUCH AS LAW ENFORCEMENT AND FIREFIGHTERS, AND TO INCREASE THE VOLUNTEER EXEMPTION AMOUNT FOR CERTAIN UNPAID PUBLIC SERVANTS SUCH AS LAW ENFORCEMENT AND FIREFIGHTERS; BY AMENDING SECTION 12-6-3800, RELATING TO THE TAX CREDIT FOR SERVING AS A PRECEPTOR, SO AS TO AMEND DEFINITIONS AND ELIGIBILITY REQUIREMENTS; BY AMENDING ACT 45 OF 2019, RELATING TO THE PRECEPTOR TAX CREDIT, SO AS TO EXTEND THE PRECEPTOR TAX CREDIT FOR FOUR ADDITIONAL YEARS; AND BY AMENDING SECTION 4-37-30, RELATING TO SALES AND USE TAXES OR TOLLS AS REVENUE FOR TRANSPORTATION FACILITIES, SO AS TO PROVIDE FOR CERTAIN EXEMPTIONS FOR UNPREPARED FOOD ITEMS. - RATIFIED TITLE View full text View Vote History View Fiscal Impact
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