Session This Week Talking S.C. Tax Code

Bringing up to par with federal guidelines

South Carolina Radio Network
October 01, 2018 - 12:33 pm

The state legislature returns to Columbia this week for a special session when they could take up a law aligning the state’s tax code with the federal one.

Sen. Tom Alexander, R-Oconee, said that legislators have updated the state tax code to be on par with any new federal rules since 1985. “Conformity so that forms that folks fill out from the federal level can be utilized at the state level.”

Without a conformity law, South Carolina tax forms would not be the same as the federal ones. The state Revenue Department would have to come up with new forms and many changes would have to be made.

“Not to be a burden on the citizens of this state as they go to file their tax returns next year,” said Alexander during a Senate Finance Committee meeting last Wednesday.

The Senate could take up the conformity legislation when they return on Tuesday. The House meets Wednesday when they could approve what the Senate approved the day before and then send it to Gov. Henry McMaster.

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