Updates South Carolina's Internal Revenue Code reference to 2024 and aligns state tax laws with federal extensions.

This bill amends South Carolina's tax laws to update the reference to the Internal Revenue Code to 2024. It ensures that if sections of the federal Internal Revenue Code adopted by South Carolina are extended by federal law, these sections are also extended for South Carolina income tax purposes. This alignment helps maintain consistency between federal and state tax laws.

Updates South Carolina's Internal Revenue Code reference to 2024 and aligns state tax laws with federal extensions.

This bill amends South Carolina's tax laws to update the reference to the Internal Revenue Code to 2024. It ensures that if sections of the federal Internal Revenue Code adopted by South Carolina are extended by federal law, these sections are also extended for South Carolina income tax purposes. This alignment helps maintain consistency between federal and state tax laws.