South Carolina bill H3435 proposes to exclude gratuities and tips from gross income for tax purposes.

South Carolina bill H3435 amends the state's tax code to exclude compensation received in the form of gratuity or tip from South Carolina gross income. This change would apply to tax years beginning after 2024, pending approval by the Governor. The bill's intent is to modify the definition of gross income by specifically excluding tips and gratuities from taxable income.

South Carolina bill H3435 proposes to exclude gratuities and tips from gross income for tax purposes.

South Carolina bill H3435 amends the state's tax code to exclude compensation received in the form of gratuity or tip from South Carolina gross income. This change would apply to tax years beginning after 2024, pending approval by the Governor. The bill's intent is to modify the definition of gross income by specifically excluding tips and gratuities from taxable income.