South Carolina H 3751: Rate reduction and stabilization fund

Status: Referred to Committee on Labor, Commerce and Industry (as of 2019-01-24)

State: South Carolina · Session: 2019-2020 · Bill: H 3751

Sponsors: Caskey, Clary, Elliott, McCoy, Pope, Simrill, W. Newton

Bill Text

2025-2026 Bill 3751 Text of Previous Version (Jan. 15, 2025) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 3751

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 12-6-1120, RELATING TO MODIFICATIONS OF GROSS INCOME, SO AS TO EXCLUDE 
INCOME DERIVED FROM THE RECEIPT, SALE, EXCHANGE, OR OTHERWISE DISPOSAL OF 
DIGITAL ASSETS SUCH AS CRYPTOCURRENCY.

Be it enacted by the 
General Assembly of the State of South Carolina:

SECTION 1. Section 12-6-1120 of the S.C. Code is amended by 
adding:

 (12) South Carolina gross income does 
not include any income included in federal gross income that is derived from 
the receipt, sale, exchange, or otherwise disposal of digital assets such as 
cryptocurrency.

SECTION 2. This act takes effect upon approval 
by the Governor and first applies to tax years beginning after 2024.

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This web page was last updated on January 15, 2025 at 03:50 PM

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