Budget & Taxes (Income Tax)

in committee · South Carolina · House Jan 14, 2025

H 3461: Income tax exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-1120, RELATING TO GROSS INCOME, SO AS TO EXCLUDE CERTAIN FIRST RESPONDER WAGES.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes first responder wages from taxable income, providing targeted tax relief for a specific group, aligning with support indicators for tax relief.95% confidence

Sub-Topics Income Tax Tax Incentives

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in committee · South Carolina · House Feb 19, 2026

H 3793: Overtime income tax exemption

H 3793 would exempt all overtime income earned by South Carolina individual taxpayers from the state's income tax. The bill requires that overtime pay not be counted toward taxable income and prohibits state tax withholding on overtime earnings. It applies directly to workers who receive overtime pay, including those in hourly or salaried positions covered by overtime rules. The exemption would take effect upon the governor's approval, with the tax department allowed to request necessary information for administration. This policy change would reduce the state income tax burden for eligible workers receiving overtime compensation.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts overtime income from state income tax, providing direct tax relief to workers, aligning with support indicators for middle-income tax relief.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExempts overtime pay from state tax, increasing workers' take-home pay and directly supporting wage compensation standards.95% confidence

Sub-Topics Income Tax Tax Incentives Labor Standards

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in committee · South Carolina · House May 28, 2025

H 3435: Income tax exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-1120, RELATING TO GROSS INCOME, SO AS TO EXCLUDE CERTAIN GRATUITIES AND TIPS FROM GROSS INCOME.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes tips from gross income, reducing taxable income for service workers (often lower/middle income), aligning with tax relief indicators.90% confidence

Sub-Topics Income Tax Tax Incentives

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in committee · South Carolina · House Jan 14, 2025

H 3298: Overtime income tax exemption

H 3298 would exempt overtime income from South Carolina's individual income tax. It directly affects South Carolina residents who earn overtime pay, including hourly workers across various industries. The bill requires that overtime income not be included in taxable income and prohibits state tax withholding on overtime earnings. The exemption applies to income tax years beginning after 2024, with the South Carolina Department of Revenue allowed to request necessary administrative information. This is a direct policy change to tax calculation rules, not a procedural measure.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts overtime income from state tax, providing tax relief to hourly workers (middle/lower income), aligning with tax relief indicators for Budget & Taxes.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExempts overtime pay from state tax, increasing net wages for hourly workers and aligning with wage support indicators in Labor & Employment policies.90% confidence

Sub-Topics Income Tax Tax Incentives Labor Standards

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in committee · South Carolina · Senate Jan 17, 2025

S 64: Income Tax Deduction

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-1172 SO AS TO ALLOW A SOUTH CAROLINA INCOME TAX DEDUCTION OF ALL MILITARY RETIREMENT OR FIRST RESPONDER RETIREMENT INCOME; AND BY AMENDING SECTION 12-6-1170, RELATING TO RETIREMENT INCOME DEDUCTION FROM TAXABLE INCOME FOR INDIVIDUALS, SO AS TO MAKE A CONFORMING CHANGE.

Topics ✓ Budget & TaxesSupports Budget & TaxesAdds tax deduction for military/first responder retirement income, providing tax relief per Budget & Taxes indicators.95% confidence ✓ VeteransSupports VeteransAllows tax deduction for military retirement income, reducing tax burden on veterans' benefits directly supporting financial welfare.95% confidence

Sub-Topics Income Tax

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in committee · South Carolina · Senate Jan 16, 2025

S 234: Income Tax

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-1120, RELATING TO GROSS INCOME, COMPUTATION OF GROSS INCOME, AND MODIFICATIONS TO GROSS INCOME FOR STATE INCOME TAX PURPOSES, SO AS TO EXCLUDE TIPS FROM THE COMPUTATION OF SOUTH CAROLINA GROSS, AND TO DEFINE TIPS.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes tips from taxable income, reducing tax burden on service workers (lower-income earners), aligning with tax relief indicators.95% confidence

Sub-Topics Income Tax

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in committee · South Carolina · House Mar 6, 2025

H 4167: Income tax deduction

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-1140, RELATING TO INCOME TAX DEDUCTIONS, SO AS TO ALLOW A DEDUCTION OF MEDICAL EXPENSES INCURRRED ON BEHALF OF ANOTHER PERSON FOR THE TREATMENT OR CARE FOR DEMENTIA.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax deductions for dementia care medical expenses, providing tax relief under income tax code.95% confidence ✓ HealthcareSupports HealthcareAllows tax deduction for dementia care medical expenses, reducing financial burden on families seeking healthcare services.90% confidence

Sub-Topics Income Tax

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in committee · South Carolina · House Jan 14, 2025

H 3337: Aging with Dignity Tax Credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "AGING WITH DIGNITY ACT" BY ADDING SECTION 12-6-3830 SO AS TO PROVIDE FOR AN INCOME TAX CREDIT FOR A TAXPAYER WHO IS CARING FOR A SENIOR FAMILY MEMBER.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides income tax credit for caregivers, reducing tax burden for middle-income taxpayers - direct tax relief under Budget & Taxes policy.90% confidence

Sub-Topics Income Tax Tax Credits

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in committee · South Carolina · Senate Jan 14, 2025

S 50: Academic Choice in Education (ACE)

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING ARTICLE 42 TO CHAPTER 6, TITLE 12 SO AS TO ALLOW AN INCOME TAX CREDIT FOR CONTRIBUTIONS TO A SCHOLARSHIP FUNDING ORGANIZATION THAT PROVIDES GRANTS FOR STUDENTS TO ATTEND CERTAIN INDEPENDENT AND HOME SCHOOLS, TO SPECIFY THE MANNER IN WHICH THE CREDIT IS CLAIMED, TO SPECIFY THE PROCESS BY WHICH CERTAIN ORGANIZATIONS AND SCHOOLS BECOME ELIGIBLE, TO SPECIFY CERTAIN INFORMATION WHICH MUST BE MADE PUBLIC, AND TO ALLOW THE STATE TREASURER AND DEPARTMENT OF REVENUE TO ENFORCE THE PROVISIONS OF THE CREDIT; AND BY REPEALING SECTION 12-6-3790 RELATING TO EDUCATIONAL CREDIT FOR EXCEPTIONAL NEEDS CHILDREN'S FUND.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates income tax credit for education donations, reducing taxable income and providing tax relief per its explicit tax policy provisions.95% confidence ✓ EducationSupports EducationBill creates tax credits for scholarship funds enabling K-12 students to attend private/home schools, expanding educational access through school choice programs.95% confidence

Sub-Topics Income Tax Tax Credits School Choice Student Financial Aid

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in committee · South Carolina · House Jan 14, 2026

H 3125: Elimination of individual income tax

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-511 SO AS TO ELIMINATE THE IMPOSITION OF THE INCOME TAX ON INDIVIDUALS, ESTATES, AND TRUSTS; BY REPEALING SECTION 12-6-510 RELATING TO TAX RATES FOR INDIVIDUALS, ESTATES, AND TRUSTS; BY REPEALING SECTION 12-6-515 RELATING TO INCOME TAX BRACKETS; BY REPEALING SECTION 12-6-520 RELATING TO ANNUAL ADJUSTMENTS TO INCOME TAX BRACKETS; AND BY REPEALING SECTION 12-6-545 RELATING TO INCOME TAX RATES FOR PASS-THROUGH TRADE AND BUSINESS INCOME.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill eliminates individual income tax, removing a primary revenue source and weakening state tax collection and fiscal management systems.95% confidence

Sub-Topics Business Taxes Income Tax

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