H 3527 South Carolina House · 2023-2024 Regular Session

Income tax brackets

Summary

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-510, RELATING TO INDIVIDUAL INCOME TAXES, SO AS TO PROVIDE THAT THE FIRST ONE MILLION DOLLARS OF TAXABLE INCOME IS TAXED AT A RATE OF ZERO PERCENT AND THE TOP MARGINAL RATE APPLIES THEREAFTER TO AMOUNTS OVER ONE MILLION DOLLARS.

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2023

Committee Review

Floor Vote

Governor

Introduced Jan 10, 2023 Last action Jan 12, 2023

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Full legislative history

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Key actions

Committee

Jan 10, 2023

Committee

Referred to Committee on Ways and Means

lower

Jan 10, 2023

Introduced

Introduced and read first time

lower

Dec 15, 2022

Committee

Referred to Committee on Ways and Means

lower

5 primary · 0 co-sponsors