S 1110

  • South Carolina Senate Bill
  • 2023-2024 Regular Session
  • Introduced in Senate Feb 28, 2024
  • Senate
  • House
  • Governor

Retirement Income Tax Deduction

Abstract

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-1170, RELATING TO THE RETIREMENT INCOME DEDUCTION FROM TAXABLE INCOME, SO AS TO INCREASE THE INDIVIDUAL DEDUCTION FROM FIFTEEN THOUSAND DOLLARS TO TWENTY THOUSAND DOLLARS, TO INCREASE THE DEDUCTION FOR MARRIED TAXPAYERS WHO FILE A JOINT FEDERAL INCOME TAX RETURN FROM THIRTY THOUSAND DOLLARS TO FORTY THOUSAND DOLLARS, AND TO PROVIDE FOR AN ANNUAL INFLATION ADJUSTMENT.

Bill Sponsors (1)

Votes


No votes to display

Actions


Feb 28, 2024

Senate

Introduced and read first time

Senate

Referred to Committee on Finance

Bill Text

Bill Text Versions Format
02/28/2024 HTML
Filed VND.OPENXMLFORMATS-OFFICEDOCUMENT.WORDPROCESSINGML.DOCUMENT HTML

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated periodically throughout the day from the official website of the South Carolina Legislature.

If you notice any inconsistencies with these official sources, feel free to file an issue.