South Carolina H 4812: Military Retirement Income Deduction

Bill Text

2025-2026 Bill 4812 Text of Previous Version (Dec. 17, 2025) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 4812

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 12-6-1171, RELATING TO THE MILITARY RETIREMENT INCOME 
DEDUCTION, SO AS TO INCLUDE A QUALIFIED RETIREMENT PLAN FOR AN OFFICER OF THE 
COMMISSIONED CORPS of the United States Public Health Service and the 
Commissioned Corps of the National Oceanic and Atmospheric Administration IN 
THE DEFINITION OF "RETIREMENT INCOME".

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

SECTION 1. Section 12-6-1171(B) of the 
S.C. Code is amended to read:

 (B) The term "retirement income", as used in this section, means the 
total of all otherwise taxable income not subject to a penalty for premature 
distribution received by the taxpayer or the taxpayer's surviving spouse in a 
taxable year from a qualified military retirement plan or 
a qualified retirement plan for an officer of the Commissioned Corps of the 
United States Public Health Service or the Commissioned Corps of the National 
Oceanic and Atmospheric Administration. For purposes of a surviving 
spouse, "retirement income" also includes a retirement benefit plan and 
dependent indemnity compensation related to the deceased spouse's military 
service.

SECTION 
2. This act takes effect upon approval by the Governor and applies to tax 
years beginning after 2025.

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This web page was last updated on December 17, 2025 at 01:53 PM