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HI HB1041

Bill

Status

Engrossed

3/5/2019

Primary Sponsor

Scott Saiki

Click for details

Origin

House of Representatives

2019 Regular Session

AI Summary

  • Conforms state tax law to the Internal Revenue Code to align South Carolina's tax treatment with federal tax definitions and calculations.

  • Updates references to the Internal Revenue Code to the most current version available at the time of bill passage.

  • Applies conformity changes to individual income tax, corporate income tax, and other state tax provisions that reference federal tax law.

  • Simplifies tax administration by reducing differences between state and federal tax calculations for taxpayers.

Legislative Description

Relating To Conformity To The Internal Revenue Code.

Income Tax

Last Action

Referred to WAM.

3/7/2019

Committee Referrals

Ways and Means3/7/2019
Finance1/28/2019

Full Bill Text

No bill text available