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 laws 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 and expiring on December 31, 2025, are extended by federal law, these sections will also be extended for South Carolina income tax purposes. The changes take effect upon approval by the Governor.

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 laws 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 and expiring on December 31, 2025, are extended by federal law, these sections will also be extended for South Carolina income tax purposes. The changes take effect upon approval by the Governor.