Legislation enacted during the 2024 Legislative Session
Below is a list of significant changes in tax law enacted during the 2024 legislative session. This list is divided by subject matter with bills listed in numeric order. To view the full text of a bill, click on the bill or section number in the Bill # column.
Income Taxes, Bank Taxes, Withholding, and Corporate License Fees
BILL #
| ACT # | SUBJECT
|
|---|
298
| 113
| Alternate Allocation and Apportionment Methods |
557
| 188
| Apprenticeship Credit
|
577
| 215
| Income Tax Withholding
|
969
| 217
| Income Tax Deductions
|
1021
| 169
| Abandoned Buildings Revitalization Credit and Railroad Expenditures Credit |
3121
| 125
| Recreational Trail Easement Credit
|
3811
| 134
| Industry Partnership Fund Credit
|
4087
| 222
| Income Tax Credits
|
4594
| 175
| Internal Revenue Code Conformity
|
5100
| 226
| |
5100
| 226
| Job Development Tax Credit Program (Part IB, Section 50, Proviso 50.23) |
5100
| 226
| Division of Small and Minority Business Contracting and Certification (Part IB, Section 71, Proviso 71.6)
|
5100
| 226
| SC Broadband Office and SC Digital Opportunity (Part IB, Section. 73, Proviso 73.10)
|
5100
| 226
| Abandoned Textile Mills Credit – Effective Date of Notice of Intent to Rehabilitate (Part IB, Section 117, Proviso 117.169)
|
5100
| 226
| Income Tax Reduction (Part IB, Section 118, Proviso 118.23)
|
Property Taxes and Fees in Lieu of Property Taxes
BILL #
| ACT #
| SUBJECT
|
|---|
3116
| 116
| Disabled Veterans Property Tax
|
Sales and Use Taxes
| BILL # | ACT # | SUBJECT |
|---|
969
| 217
| Transportation Tax Exemption – Unprepared Food
|
3563
| 131
| Sales Tax Exemption – Feminine Hygiene Products
|
Miscellaneous
| BILL # | ACT #
| SUBJECT
|
|---|
|
Admissions Tax |
3880
| 135
| Admissions Tax Exemption – Golf Club Dues
|
|
Tobacco Taxes |
4817
| 205
| Vending Machine Sales |
Previous Legislation
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