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S 507 — IRC conformity
Last action — Act No. 63
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed House
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced March 27, 2025. Enacted.
Signed by Governor Henry McMaster (Republican) on May 22, 2025.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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3 sponsors
3 primary, 0 co-sponsors signed on.
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Cleared a recorded vote
Passed 2 recorded votes so far.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Summary
AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-40, RELATING TO APPLICATION OF FEDERAL INTERNAL REVENUE CODE TO STATE TAX LAWS, SO AS TO UPDATE THE REFERENCE TO THE INTERNAL REVENUE CODE TO THE YEAR 2024, AND TO PROVIDE THAT IF THE INTERNAL REVENUE CODE SECTIONS ADOPTED BY THIS STATE ARE EXTENDED, THEN THESE SECTIONS ALSO ARE EXTENDED FOR SOUTH CAROLINA INCOME TAX PURPOSES. - RATIFIED TITLE
Bill Text
What changed in the latest version
2 added · 21 removedPlain-language change summary
In the latest version of Bill S 507, a few lines were added, while 21 lines were removed from the previous draft. The changes primarily aim to clarify how the state's tax laws align with federal tax codes, making it easier for South Carolinians to understand their tax obligations. These updates are important because they could simplify tax processes for residents and ensure that state laws are current with federal standards.
2025-2026 Bill 507 Text of Previous Version (Apr.(Mar.
23,27, 2025) - South Carolina Legislature Online South Carolina General Assembly126th Session, 2025-2026Bill 507Indicates Matter StrickenIndicates New Matter(Text matches printed bills.
Document has been reformatted to meet World Wide Web specifications.) Indicates Matter Stricken Indicates New Matter Polled OutA Ofbill Committee MajorityTO FavorableAMEND AprilTHE 23,SOUTH 2025CAROLINA CODE S.OF LAWS BY AMENDING SECTION 12-6-40, RELATING TO APPLICATION OF FEDERAL INTERNAL REVENUE CODE TO STATE TAX LAWS, SO AS TO UPDATE THE REFERENCE TO THE INTERNAL REVENUE CODE TO THE YEAR 2024 AND TO PROVIDE THAT IF THE INTERNAL REVENUE CODE SECTIONS ADOPTED BY THIS STATE ARE EXTENDED, THEN THESE SECTIONS ALSO ARE EXTENDED FOR SOUTH CAROLINA INCOME TAX PURPOSES.
507 Introduced by Senators Peeler, Alexander and Turner S.
Printed 4/23/25--S.
Read the first time March 27, 2025 ________ The committee on Senate Finance To whom was referred a Bill (S.
507) to amend the South Carolina Code of Laws by amending Section 12-6-40, relating to application of federal Internal Revenue Code to state tax laws, so as to update, etc., respectfully Report:
Has polled the Bill out majority favorable.
_______ A bill TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-40, RELATING TO APPLICATION OF FEDERAL INTERNAL REVENUE CODE TO STATE TAX LAWS, SO AS TO UPDATE THE REFERENCE TO THE INTERNAL REVENUE CODE TO THE YEAR 2024 AND TO PROVIDE THAT IF THE INTERNAL REVENUE CODE SECTIONS ADOPTED BY THIS STATE ARE EXTENDED, THEN THESE SECTIONS ALSO ARE EXTENDED FOR SOUTH CAROLINA INCOME TAX PURPOSES.
----XX---- This web page was last updated on AprilMarch 23,27, 2025 at 08:2511:27 PMAM
Action History
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Act No. 63
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Effective date 05/22/25
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Signed By Governor
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Ratified R 90
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Read third time and enrolled
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Roll call Yeas-109 Nays-2
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Read second time
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Committee report: Favorable Ways and Means
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Referred to Committee on Ways and Means
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Introduced and read first time
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Read third time and sent to House
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Roll call Ayes-39 Nays-0
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Read second time
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Committee report: Favorable Finance
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Polled out of committee Finance
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Referred to Committee on Finance
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Introduced and read first time
Sponsors
- Jr. Senator Harvey S. Peeler · Primary
- Senator Thomas C. Alexander · Primary
- Senator Ross Turner · Primary
Sponsorship breakdown
Export CSV (upgrade) →3 sponsors · 0 co-sponsors · 167 not signed on · 2 voted No
Co-sponsors (0)
None.
Not signed on (167)
167 members have not signed on to this bill.
Show all 167 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 106 | 2 | 0 | 11 |
| Republican | 1 | 0 | 0 | 1 |
| Democrat | 2 | 0 | 0 | 0 |
| Total | 109 | 2 | 0 | 12 |
| % of votes cast | 89% | 2% | 0% | 10% |
How each member voted (123)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 39 | 0 | 0 | 6 |
| Total | 39 | 0 | 0 | 6 |
| % of votes cast | 87% | 0% | 0% | 13% |
How each member voted (45)
Subjects
Frequently asked questions
- What does S 507 do?
- AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-40, RELATING TO APPLICATION OF FEDERAL INTERNAL REVENUE CODE TO STATE TAX LAWS, SO AS TO UPDATE THE REFERENCE TO THE INTERNAL REVENUE CODE TO THE YEAR 2024, AND TO PROVIDE THAT IF THE INTERNAL REVENUE CODE SECTIONS ADOPTED BY THIS STATE ARE EXTENDED, THEN THESE SECTIONS ALSO ARE EXTENDED FOR SOUTH CAROLINA INCOME TAX PURPOSES. - RATIFIED TITLE
- Who sponsors S 507?
- S 507 is sponsored by Senator Harvey S. Peeler, Jr., Senator Thomas C. Alexander, and Senator Ross Turner.
- What is the current status of S 507?
- This bill has been enacted into law. Introduced March 27, 2025. Enacted.
- Where can I track S 507?
- Track S 507 free on One Click Politics — get push/email alerts when it moves.
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