S 1087

  • South Carolina Senate Bill
  • 2021-2022 Regular Session
  • Introduced in Senate Mar 29, 2022
  • Passed Senate Mar 15, 2022
  • Passed House May 11, 2022
  • Signed by Governor Jun 17, 2022

AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, SO AS TO ENACT THE "COMPREHENSIVE TAX CUT ACT OF 2022"; TO AMEND SECTION 12-6-510, RELATING TO THE INDIVIDUAL INCOME TAX, SO AS TO PHASE-IN A REDUCTION OF THE TOP MARGINAL RATE TO SIX PERCENT AND TO COLLAPSE OTHER INCOME TAX BRACKETS INTO THE BRACKET TO WHICH THE THREE PERCENT RATE APPLIES; TO AMEND SECTION 12-6-1171, RELATING TO THE MILITARY RETIREMENT DEDUCTION, SO AS TO EXEMPT ALL MILITARY RETIREMENT INCOME; TO REPEAL SECTION 12-6-515 RELATING TO AN ARCHAIC INDIVIDUAL INCOME TAX PROVISION; TO AMEND SECTION 12-37-220, AS AMENDED, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO INCREASE A PROPERTY TAX EXEMPTION FOR CERTAIN MANUFACTURING PROPERTY AND TO INCREASE THE APPLICABLE LIMIT; AND TO APPROPRIATE ONE BILLION DOLLARS FROM THE CONTINGENCY RESERVE FUND TO THE TAXPAYER REBATE FUND TO PROVIDE REBATES TO INDIVIDUAL INCOME TAXPAYERS. - ratified title

Abstract

Bill Sponsors (29)

Votes


Actions


Jun 28, 2022

South Carolina Legislature

Act No. 228

South Carolina Legislature

Effective date See Act for Effective Date

Jun 17, 2022

South Carolina Legislature

Signed By Governor

Jun 16, 2022

South Carolina Legislature

Ratified R 259

Jun 15, 2022

Senate

Conference report received and adopted

House

Conference report received and adopted

House

Roll call Yeas-110 Nays-0

Senate

Roll call Ayes-42 Nays-0

Senate

Ordered enrolled for ratification

May 12, 2022

Senate

Conference committee appointed Peeler, Setzler, Alexander

May 11, 2022

House

Motion to reconsider tabled

House

House insists upon amendment and conference committee appointed Reps. Simrill, GM Smith, Rutherford

House

Read third time and returned to Senate with amendments

Senate

Non-concurrence in House amendment

May 10, 2022

House

Reconsider vote whereby read second time

House

Debate adjourned

House

Amended

House

Read second time

House

Roll call Yeas-110 Nays-0

May 06, 2022

South Carolina Legislature

Scrivener's error corrected

May 05, 2022

House

Committee report: Favorable with amendment Ways and Means

Mar 29, 2022

House

Introduced and read first time

House

Referred to Committee on Ways and Means

Mar 15, 2022

Senate

Read third time and sent to House

Senate

Roll call Ayes-39 Nays-0

Mar 10, 2022

Senate

Committee Amendment Adopted

Senate

Roll call Ayes-40 Nays-0

Senate

Read second time

Mar 08, 2022

Senate

Committee report: Favorable with amendment Finance

Feb 17, 2022

Senate

Referred to Committee on Finance

Senate

Introduced and read first time

Bill Text

Bill Text Versions Format
2/17/2022 VND.OPENXMLFORMATS-OFFICEDOCUMENT.WORDPROCESSINGML.DOCUMENT HTML
3/8/2022 VND.OPENXMLFORMATS-OFFICEDOCUMENT.WORDPROCESSINGML.DOCUMENT HTML
3/10/2022 VND.OPENXMLFORMATS-OFFICEDOCUMENT.WORDPROCESSINGML.DOCUMENT HTML
5/5/2022 VND.OPENXMLFORMATS-OFFICEDOCUMENT.WORDPROCESSINGML.DOCUMENT HTML
5/6/2022 VND.OPENXMLFORMATS-OFFICEDOCUMENT.WORDPROCESSINGML.DOCUMENT HTML
5/10/2022 VND.OPENXMLFORMATS-OFFICEDOCUMENT.WORDPROCESSINGML.DOCUMENT HTML
6/15/2022 VND.OPENXMLFORMATS-OFFICEDOCUMENT.WORDPROCESSINGML.DOCUMENT HTML

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Sources

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