SC S0813 | 2017-2018 | 122nd General Assembly

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 9 2018 - 25% progression, died in committee
Action: 2018-01-09 - Referred to Committee on Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Relating To Personal Income Tax Rates, To Reduce The Number Of Tax Brackets From Five Brackets To Three, Including A Three Percent Bracket, A Five Percent Bracket, And A Seven Percent Bracket, To Provide That The New Brackets Are Effective For Tax Year 2019 And Succeeding Years, And To Provide For A Five Year Phase In Of Expanded Income Ranges Within Each Bracket Beginning With Tax Year 2019; And To Amend Section 12-6-520, Relating To Annual Inflation Adjustments To Individual State Income Tax Brackets, To Conform With The New Brackets And Income Ranges Within The Brackets.

Tracking Information

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Title

Income tax rates

Sponsors


History

DateChamberAction
2018-01-09SenateReferred to Committee on Finance
2018-01-09SenateIntroduced and read first time
2017-12-06SenateReferred to Committee on Finance
2017-12-06SenatePrefiled

Same As/Similar To

S0054 (Similar To) 2017-01-10 - Referred to Committee on Finance
S0384 (Similar To) 2017-02-08 - Referred to Committee on Finance
S0600 (Similar To) 2017-03-30 - Referred to Committee on Finance
H3516 (Similar To) 2017-05-25 - Act No. 40

Code Citations

ChapterArticleSectionCitation TypeStatute Text
126510(n/a)See Bill Text
126520(n/a)See Bill Text

South Carolina State Sources


Bill Comments

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