The bill H. 3793 proposes an amendment to the South Carolina Code of Laws by adding Section 12-6-1230, which establishes an exemption for overtime income from certain state taxes. Specifically, it states that all overtime income earned by individual taxpayers will not be subject to taxation under the specified chapter, and such income should not be included in the calculation of South Carolina taxable income. The South Carolina Department of Revenue is authorized to request necessary information from taxpayers to ensure proper administration of this exemption.

Additionally, the bill mandates that no state taxes be withheld on overtime income, thereby providing a financial benefit to individuals who earn overtime pay. The act is set to take effect upon approval by the Governor, indicating a swift implementation of the proposed tax relief for overtime earnings.

Statutes affected:
01/28/2025: 12-6-1230
Latest Version: 12-6-1230