State individual income tax bracket reduction

Section repealed upon contingency. See, Editor's Note.
Notwithstanding any other provision of law, for taxable years beginning after 2006, the rate of tax imposed pursuant to Section 12-6-510(A) on the lowest bracket of South Carolina taxable income is reduced from 2.5 percent to zero percent, and the Department of Revenue shall adjust amounts due in tax tables prescribed by the department.

Last amended: 2007 Act No. 115, SECTION 5, eff June 29, 2007. Editor's Note 2022 Act No. 228, SECTIONS 1 and 4, provide as follows: "SECTION 1. This act may be cited as the 'Comprehensive Tax Cut Act of 2022'." "SECTION 4.A. Section 12-6-515 of the 1976 Code is repealed. "B. This SECTION takes effect on January first of the first tax year in which the provisions of Section 12-6-510(B) are fully phased-in and the top marginal rate equals six percent."

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