S.0771

SC Military Retirement Tax Exemption

Introduced·1/13/26

South Carolina S0771 amends the military retirement income deduction to include plans from service in the Armed Services, USPHS, or NOAA.

South Carolina S0771 amends the military retirement income deduction to include plans from service in the Armed Services, USPHS, or NOAA. This change broadens the definition of "qualified military retirement plan" to encompass retirement income from all uniformed services defined under Title 38 of the United States Code. The bill takes effect upon approval by the Governor.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Finance Committee
Next
Committee decision

Sponsors

D
1
2
RR
Democratic CaucusRepublican Caucus

History

Jan 14

Scrivener's error corrected

Jan 13

Senate

Introduced and read first time

Jan 13

Senate

Referred to Committee on Finance