Updates South Carolina's Internal Revenue Code reference to 2025 and aligns state tax laws with federal extensions.

This bill amends South Carolina's tax code to update the reference to the Internal Revenue Code to the year 2025. It ensures that if sections of the Internal Revenue Code adopted by the state expire on December 31, 2025, and are extended by federal law without amendment, these sections will also be 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 2025 and aligns state tax laws with federal extensions.

This bill amends South Carolina's tax code to update the reference to the Internal Revenue Code to the year 2025. It ensures that if sections of the Internal Revenue Code adopted by the state expire on December 31, 2025, and are extended by federal law without amendment, these sections will also be extended for South Carolina income tax purposes. This alignment helps maintain consistency between federal and state tax laws.