Staff Analysis of the Legislation
|
|
02.21.12 The Senate Finance committee gave this bill a favorable report.
02.07.12 The Senate Finance Sales and Income Taxation subcommittee gave this bill a favorable report as amended. As soon as the amendment is available, it will be posted.
Summary of the bill as introduced: Outlines the way that that SC Department of Revenue must interpret tax statutes and prevents statutes from being given broader meaning than intended by law. This bill also requires that all ambiguity in tax law be resolved in favor of the taxpayer. |
