H 5178

South Carolina General Assembly
126th Session, 2025-2026
Bill 5178
Indicates Matter Stricken
Indicates New Matter
(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)
A bill
TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING
SECTION 12-6-40, RELATING TO THE APPLICATION OF FEDERAL INTERNAL REVENUE CODE
TO STATE TAX LAWS, SO AS TO UPDATE THE REFERENCE TO THE INTERNAL REVENUE CODE
TO THE YEAR 2025 AND TO PROVIDE THAT IF THE INTERNAL REVENUE CODE SECTIONS
ADOPTED BY THIS STATE ARE EXTENDED, THEN THESE SECTIONS ALSO ARE EXTENDED FOR
SOUTH CAROLINA INCOME TAX PURPOSES.
Be it enacted by the
General Assembly of the State of South Carolina:
SECTION 1.  Section 12-6-40(A)(1)(a) and (c) of the S.C. Code is
amended to read:
  (a) Except as otherwise provided,
"Internal Revenue Code" means the Internal Revenue Code of 1986, as amended
through December 31, 20242025,
and includes the effective date provisions contained in it.
  (c)
If Internal Revenue Code sections adopted by this State which expired or
portions thereof expired on December 31, 20242025, are extended, but otherwise not amended, by
congressional enactment during 20252026, these sections or portions thereof also are
extended for South Carolina income tax purposes in the same manner that they
are extended for federal income tax purposes.
SECTION 2.  This act takes effect upon approval
by the Governor.
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This web page was last updated on February 12, 2026 at 11:32 AM