South Carolina § 12-6-3632 Earned income tax credit.

South Carolina Statutes

§ 12-6-3632 — Earned income tax credit.

South Carolina § 12-6-3632

Title 12TAXATION

Ch. 6SOUTH CAROLINA INCOME TAX ACT

This text of South Carolina § 12-6-3632 (Earned income tax credit.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 12-6-3632 (2026).

Text

There is allowed as a nonrefundable credit against the tax imposed pursuant to Section 12-6-510 on a full-year resident individual taxpayer an amount equal to one hundred twenty-five percent of the federal earned income tax credit (EITC) allowed the taxpayer pursuant to Internal Revenue Code Section 32.

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Legislative History

HISTORY: 2017 Act No. 40 (H.3516), SECTION 16.A, eff May 10, 2017. Editor's Note 2017 Act No. 40, SECTIONS 16.B, 16.C, provide as follows: "B. Notwithstanding Section 12-6-3632, as added by this SECTION, the percentage of the federal earned income tax credit, for which the credit allowed by Section 12-6-3632 is based, must be phased-in in six equal installments of twenty and eighty-three hundredths percent each tax year until it is fully phased-in in tax year 2023, with the twenty and eighty-three hundredths percent applying in tax year 2018. "C. This SECTION takes effect upon approval by the Governor and applies to tax years beginning after 2017."