Shown verbatim: the complete text as captured from the official page posted by the South Carolina General Assembly, fetched 2026-08-29. This is the enrolled version. The official bill page.
(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.) (A63, R90, S507) AN ACT TO 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 2024, 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. Be it enacted by the General Assembly of the State of South Carolina: Internal Revenue Code conformity SECTION 1. Section 12-6-40(A)(1)(a) and (c) of the S.C. Code is amended to read: (a) Except as otherwise provided, "Internal Revenue Code" means the Internal Revenue Code of 1986, as amended through December 31, 2024, and includes the effective date provisions contained in it. (c) If Internal Revenue Code sections adopted by this State which expired or portions thereof expired on December 31, 2024, are extended, but otherwise not amended, by congressional enactment during 2025, these sections or portions thereof also are extended for South Carolina income tax purposes in the same manner that they are extended for federal income tax purposes. Time effective SECTION 2. This act takes effect upon approval by the Governor. Ratified the 20th day of May, 2025. Approved the 22nd day of May, 2025. __________
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