S0207Introduced in the Senate
Retirement Income Tax Deduction
Introduced by Shane Massey, District 25
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Amend The South Carolina Code Of Laws By Amending Section 12-6-1170, Relating To The Retirement Income Deduction From Taxable Income, So As To Increase The Individual Deduction From Fifteen Thousand Dollars To Twenty Thousand Dollars, To Increase The Deduction For Married Taxpayers Who File A Joint Federal Income Tax Return From Thirty Thousand Dollars To Forty Thousand Dollars, And To Provide For An Annual Inflation Adjustment.
Where it stands
Referred to Committee on Finance
January 15, 2025
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
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Bill history
Introduced and read first time
Referred to Committee on Finance
Verify the information
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