SC H3978 | 2021-2022 | 124th General Assembly
Status
Spectrum: Partisan Bill (Republican 10-0)
Status: Introduced on February 24 2021 - 25% progression, died in committee
Action: 2021-02-24 - Referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 24 2021 - 25% progression, died in committee
Action: 2021-02-24 - Referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amend Section 12-6-545, Code Of Laws Of South Carolina, 1976, Relating To Income Tax Rates For Pass-through Trade And Business Income, So As To Create An Election To Tax Partnerships And "s" Corporations At The Entity Level; And To Amend Section 12-6-3400, Relating To Credit For Income Tax Paid By South Carolina Residents To Another State, So As To Provide That An Electing Pass-through Business Entity Is Eligible For The Credit.
Title
Pass through trade and business income
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2021-02-24 | House | Referred to Committee on Ways and Means |
| 2021-02-24 | House | Introduced and read first time |
Same As/Similar To
S0627 (Similar To) 2021-06-01 - Act No. 61
Code Citations
South Carolina State Sources
| Type | Source |
|---|---|
| Summary | https://www.scstatehouse.gov/billsearch.php?billnumbers=3978&session=124&summary=B |
| Text | https://www.scstatehouse.gov/sess124_2021-2022/prever/3978_20210224.htm |
