South Carolina House Bill 4595

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 9 2024 - 25% progression
Action: 2024-01-09 - Referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]

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 2023 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; And By Amending Section 12-6-50, Relating To Internal Revenue Code Sections Specifically Not Adopted By The State, So As To Adopt Internal Revenue Code Section 168(k) Relating To Bonus Depreciation.

Tax conformity

Rep. Bart Blackwell [R]

Rep. Thomas Pope [R]

Date	Chamber	Action
2024-01-09	House	Referred to Committee on Ways and Means
2024-01-09	House	Introduced and read first time
2023-11-16	House	Referred to Committee on Ways and Means
2023-11-16	House	Prefiled

H4017 (Similar To) 2023-05-26 - Act No. 46
H4594 (Similar To) 2024-05-07 - Read third time and enrolled

Chapter	Article	Section	Citation Type	Statute Text
12	6	40	(n/a)	See Bill Text
12	6	50	(n/a)	See Bill Text

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=4595&session=125&summary=B
Text	https://www.scstatehouse.gov/sess125_2023-2024/prever/4595_20231116.htm