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SC S0507

Bill

Official Source

Status

Passed

5/27/2025

Primary Sponsor

Harvey Peeler

Click for details

Origin

Senate

126th General Assembly

AI Summary

  • Updates South Carolina's conformity with the federal Internal Revenue Code from December 31, 2023 to December 31, 2024
  • Automatically extends for South Carolina income tax purposes any Internal Revenue Code sections that expired on December 31, 2024 if Congress extends them during 2025 without other amendments
  • Takes effect upon approval by the Governor
  • Introduced by Senators Peeler, Alexander, and Turner; reported favorably by the House Ways and Means Committee on May 6, 2025

Legislative Description

IRC conformity

Last Action

Act No. 63

5/27/2025

Committee Referrals

Ways and Means4/30/2025
Finance3/27/2025

Full Bill Text

No bill text available