Senate Amendment 1
H 3368 - Session 126 (2025-2026)
Income tax on overtime pay

Senator Climer proposes the following amendment (SR-3368.CEM0001S):

Amend the bill, as and if amended, by adding an appropriately numbered SECTION to read:

SECTION X. Title 12 of the S.C. Code is amended by adding:

CHAPTER 5

 Section 12-5-3830.  In any tax year when legislation is subsequently enacted affecting a prior tax year, and a taxpayer has already filed an individual income tax return for that year, a taxpayer may elect, in lieu of filing an amended return, to claim a refundable tax credit on their individual income tax return for the next following tax year in the amount of any decrease in tax liability between their originally reported tax liability and what that liability would have been had the legislation been enacted at the time of filing.

Renumber sections to conform.

Amend title to conform.