Loading...
SC revenue ruling #21-12
South Carolina Department of Revenue
South Carolina Department of Revenue
Files
Abstract
The purpose of this Revenue Ruling is to address whether individuals are entitled to the South Carolina retirement income deduction of $3,000 or $10,000 provided in Code Section 12-6-1170 for COVID-related distributions from eligible retirement plans under Section 2202 of the Federal Coronavirus Aid, Relief, and Economic Security Act of 2020 (CARES Act) and the impact on any South Carolina retirement income deduction claimed if the COVID-related distribution is repaid in a direct nontaxable transfer.
Issue Date
9/29/2021
Keywords
COVID-19 Pandemic, 2020---South Carolina, Retirement income--South Carolina
Type
Text
Rights
Records, documents, and information made available by the agencies of the South Carolina state government or its subdivisions are made accessible through the South Carolina State Library Depository and are protected under U.S. Copyright law (Title 17, U.S.C.) and South Carolina state law (Title 30 and 60, S.C.C.L.). Distribution rights are determined by the agency or author and users should contact the aforementioned for more information.
Digitization Specifications
This South Carolina State Document was either saved from a document available publicly online in PDF format or converted to PDF using Adobe Acrobat DC.