South Carolina H3416 allows income tax deductions for retirement income of first responders and law enforcement officers.

South Carolina H3416 amends the state tax code to exempt retirement income of first responders and law enforcement officers from state income tax. This includes income from state retirement plans, private pension plans, and related benefits. The deduction applies to individual taxpayers who served as law enforcement officers or first responders. The bill also adjusts the tax deduction rules for married taxpayers filing jointly, ensuring each spouse's deduction is calculated separately. This act takes effect upon approval by the Governor and applies to tax years beginning after 2025.

South Carolina H3416 allows income tax deductions for retirement income of first responders and law enforcement officers.

South Carolina H3416 amends the state tax code to exempt retirement income of first responders and law enforcement officers from state income tax. This includes income from state retirement plans, private pension plans, and related benefits. The deduction applies to individual taxpayers who served as law enforcement officers or first responders. The bill also adjusts the tax deduction rules for married taxpayers filing jointly, ensuring each spouse's deduction is calculated separately. This act takes effect upon approval by the Governor and applies to tax years beginning after 2025.