South Carolina Senate Bill 207: Retirement Income Tax Deduction

South Carolina · 2025-2026 Regular Session

What it does

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.

Latest action

Referred to Committee on Finance (2025-01-15)

See how S 207 affects you on CapitolKey

Browse more bills · CapitolKey home