SC S0507 | 2025-2026 | 126th General Assembly

Status

Completed Legislative Action
Sponsorship: Partisan Bill (Republican 3)
Status: Passed on May 27 2025 - 100% progression
Action: 2025-05-27 - Act No. 63
Text: Latest bill text (Comm Sub) [HTML]

Summary

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. - Ratified Title

Tracking Information

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Title

IRC conformity

Sponsors


Roll Calls

2025-05-07 - House - House: Passage Of Bill (Y: 109 N: 2 NV: 9 Abs: 3) [PASS]
2025-04-24 - Senate - Senate: 2nd Reading (Y: 39 N: 0 NV: 0 Abs: 6) [PASS]

History

DateChamberAction
2025-05-27 Act No. 63
2025-05-27 Effective date 05/22/25
2025-05-22 Signed By Governor
2025-05-20 Ratified R 90
2025-05-08HouseRead third time and enrolled
2025-05-07HouseRoll call Yeas-109 Nays-2
2025-05-07HouseRead second time
2025-05-06HouseCommittee report: Favorable Ways and Means
2025-04-30HouseReferred to Committee on Ways and Means
2025-04-30HouseIntroduced and read first time
2025-04-29SenateRead third time and sent to House
2025-04-24SenateRoll call Ayes-39 Nays-0
2025-04-24SenateRead second time
2025-04-23SenateCommittee report: Favorable Finance
2025-04-23SenatePolled out of committee Finance
2025-03-27SenateReferred to Committee on Finance
2025-03-27SenateIntroduced and read first time

Same As/Similar To

H5167 (Similar To) 2026-02-11 - Referred to Committee on Ways and Means
H5178 (Similar To) 2026-02-12 - Referred to Committee on Ways and Means

Code Citations

ChapterArticleSectionCitation TypeStatute Text
12640(n/a)See Bill Text

South Carolina State Sources


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