South Carolina Legislature


Session 108 - (1989-1990)Printer Friendly
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S 0324 General Bill, By Passailaigue, M.F. Mullinax and J.M. Waddell
    A Bill to amend Section 12-7-435, as amended, Code of Laws of South Carolina, 1976, relating to deductions from South Carolina taxable income for purposes of the state income tax, so as to allow certain shareholders to deduct unused net operating losses on the complete liquidation of a corporation which for federal income tax purposes only was a Subchapter "S" Corporation and to allow certain shareholders of a corporation electing Subchapter "S" status to deduct unused net operating losses.
02/07/89Senate Introduced and read first time SJ-10
02/07/89Senate Referred to Committee on Finance SJ-10
02/16/89Senate Committee report: Favorable with amendment Finance SJ-12
02/21/89Senate Amended SJ-17
02/21/89Senate Read second time SJ-17
02/28/89Senate Read third time and sent to House SJ-15
03/01/89House Point of order -revenue raising Bills must be introduced in the House HJ-11
03/01/89House Point of order sustained-ordered returned to the Senate HJ-11

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