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Subcommittee sends IRS conformity bill to full committee with voice vote

2997716 · April 15, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

S.507, the annual bill updating South Carolina tax law to conform to federal Internal Revenue Code changes through Dec. 31, 2024, received a favorable subcommittee report and will move to the full committee.

The Sales and Income Tax Subcommittee gave a favorable report to S.507, the annual IRS-conformity bill that updates South Carolina law to match the Internal Revenue Code through Dec. 31, 2024.

Staff described S.507 as the routine, annual conformity update: "This is just your annual conformity bill," a subcommittee staff…

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