House subcommittee gives favorable report to IRC conformity bill (H.3489)
March 26, 2025 | 2025 Legislative Meetings, South Carolina
This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »
The House subcommittee gave a favorable report 3-0 to House Bill 3489, known as the IRC Conformity bill, advancing the measure to the full committee.
Mr. Snyder asked the subcommittee for its support, saying, “I’m here, today to request your support, of the House Bill 3 4 8 9, which is called IRC Conformity.” He explained that the bill would move the state’s conformity from 2023 to include federal changes through 2024 so the state tax code aligns with the Internal Revenue Code before South Carolina returns are filed.
The conformity bill is an annual housekeeping measure the Legislature uses to decide whether and how to adopt changes in the Internal Revenue Code into state law. Representative Taylor said he hopes lawmakers will eventually reduce the need to pass a conformity bill every year, noting related work on a separate item (bill 4216) that uses the IRC as a starting point for broader tax changes. “I can only say I hope this is the last time we ever ever have to pass this bill,” Taylor said, adding that related legislation could change how the state approaches conformity going forward.
Representative Taylor moved a favorable report; Representative Hosey seconded the motion. Staff called the roll: Representative Newton — Aye; Representative Hosey — Aye; Representative Stavrunakis — excused; Representative Taylor — Aye; Representative Crawford — excused. The tally was 3 Aye, 0 No; the subcommittee recorded a favorable report and sent the bill to the full committee.
The committee record shows no other amendments or conditions attached at this stage. The bill will be considered at the House committee level next.
Mr. Snyder asked the subcommittee for its support, saying, “I’m here, today to request your support, of the House Bill 3 4 8 9, which is called IRC Conformity.” He explained that the bill would move the state’s conformity from 2023 to include federal changes through 2024 so the state tax code aligns with the Internal Revenue Code before South Carolina returns are filed.
The conformity bill is an annual housekeeping measure the Legislature uses to decide whether and how to adopt changes in the Internal Revenue Code into state law. Representative Taylor said he hopes lawmakers will eventually reduce the need to pass a conformity bill every year, noting related work on a separate item (bill 4216) that uses the IRC as a starting point for broader tax changes. “I can only say I hope this is the last time we ever ever have to pass this bill,” Taylor said, adding that related legislation could change how the state approaches conformity going forward.
Representative Taylor moved a favorable report; Representative Hosey seconded the motion. Staff called the roll: Representative Newton — Aye; Representative Hosey — Aye; Representative Stavrunakis — excused; Representative Taylor — Aye; Representative Crawford — excused. The tally was 3 Aye, 0 No; the subcommittee recorded a favorable report and sent the bill to the full committee.
The committee record shows no other amendments or conditions attached at this stage. The bill will be considered at the House committee level next.
View full meeting
This article is based on a recent meeting—watch the full video and explore the complete transcript for deeper insights into the discussion.
View full meeting