All Roll Calls
Yes: 148 • No: 2
South CarolinaS 0507126th General Assembly (2025-2026)SenateWALLET
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.
Sponsored By: Harvey S. Peeler, Jr. (Republican)
Signed by Governor
Summary
IRC conformity
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
South Carolina follows 2025 federal tax extensions
If Congress, during 2025, extends a federal tax rule that South Carolina adopted and that expired on December 31, 2024, South Carolina treats it as extended too. The federal action must be an extension only, with no other changes. This rule takes effect May 22, 2025. You are affected only if you claim one of those extended federal deductions, exclusions, or credits.
South Carolina tax code updated to 2024
South Carolina uses the federal Internal Revenue Code as it stood on December 31, 2024, including its effective-date rules. This applies to individual and business income taxes. The change takes effect May 22, 2025. It sets which federal definitions and tax rules the state uses when you file.
Sponsors & Cosponsors
Sponsor
Harvey S. Peeler, Jr.
Republican • Senate
Cosponsors
Thomas C. Alexander
Republican • Senate
Ross Turner
Republican • Senate
Roll Call Votes
House vote • 5/7/2025
(IRC conformity)Passage of Bill
Yes: 109 • No: 2
Senate vote • 4/24/2025
(IRC conformity)2nd Reading
Yes: 39 • No: 0
Actions Timeline
Act No. 63
5/27/2025legislatureEffective date 05/22/25
5/27/2025legislatureSigned By Governor
5/22/2025GovernorRatified R 90
5/20/2025legislatureRead third time and enrolled
5/8/2025HouseRoll call Yeas-109 Nays-2
5/7/2025HouseRead second time
5/7/2025HouseCommittee report: Favorable Ways and Means
5/6/2025HouseReferred to Committee on Ways and Means
4/30/2025HouseIntroduced and read first time
4/30/2025HouseRead third time and sent to House
4/29/2025SenateRoll call Ayes-39 Nays-0
4/24/2025SenateRead second time
4/24/2025SenateCommittee report: Favorable Finance
4/23/2025SenatePolled out of committee Finance
4/23/2025SenateReferred to Committee on Finance
3/27/2025SenateIntroduced and read first time
3/27/2025Senate
Bill Text
Introduced
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