H3751

Taxation of digital assets

Introduced·1/15/25
Introduced Text

South Carolina H3751 excludes cryptocurrency income from state gross income tax.

South Carolina H3751 amends the state tax code to exclude income derived from the receipt, sale, exchange, or disposal of digital assets such as cryptocurrency from South Carolina gross income. This change applies to tax years 2025-2026 and follows federal tax treatment of such income.

Included in complete analysis

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Where it stands

Current
Ways and Means Committee
Next
Committee decision

Sponsors

D
1
9
RRRRRRRRR
Democratic CaucusRepublican Caucus

History

Jan 16, 2025

House

Member(s) request name added as sponsor: White, Kilmartin, Beach, Pace, Gilreath, Cromer, Oremus, Huff, Magnuson

Jan 15, 2025

House

Introduced and read first time

Jan 15, 2025

House

Referred to Committee on Ways and Means