Eliminates individual income tax in South Carolina for tax years beginning after 2024.
This bill amends the South Carolina Code of Laws to eliminate the individual income tax for individuals, estates, and trusts starting from tax years after 2024. It repeals sections related to income tax brackets and rates, and removes any requirements for tax imposition, filings, and withholdings. The act will take effect upon approval by the Governor.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.