The bill S. 771 aims to amend Section 12-6-1171 of the South Carolina Code of Laws, which pertains to the military retirement income deduction. The proposed changes define a "qualified military retirement plan" to encompass retirement income from all uniformed services as outlined in Title 38 of the United States Code. This includes individuals who have served in the Armed Forces, the United States Public Health Service Commissioned Corps, and the National Oceanic and Atmospheric Administration Commissioned Corps.

Additionally, the bill clarifies the definition of "retirement income" to include all taxable income received from a qualified military retirement plan, as well as benefits for surviving spouses related to the deceased spouse's military service. The act is set to take effect upon approval by the Governor.

Statutes affected:
01/13/2026: 12-6-1171
Latest Version: 12-6-1171