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SC revenue ruling #21-12
South Carolina Department of Revenue
South Carolina Department of Revenue
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
2021-09-29
Keywords
COVID-19 Pandemic, 2020---South Carolina, Retirement income--South Carolina
Type
Rights
Copyright status determined to be in the public domain on April 27, 2020 by United States Supreme Court ruling (Georgia et al., Petitioners v. Public.Resource.Org, Inc. : 590 U.S.__(2020))
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