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Implement SC H4216 income tax reform (2026+) #7916

@DTrim99

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@DTrim99

Implement SC H4216 Income Tax Reform (2026+)

Overview

South Carolina H.4216 was signed into law and takes effect for tax years beginning after 2025. This issue tracks moving the reform from contributed reform status to baseline implementation.

Previous implementation: PR #7494 implemented this as a contributed reform. This issue covers making it the default (baseline) for 2026+.

Law Summary

SC H4216 is a comprehensive income tax reform that includes:

1. New Two-Bracket Tax Structure

Bracket Threshold Rate
1 $0 1.99%
2 $30,000 5.21%

2. SC Income Adjusted Deduction (SCIAD) with Phaseout

Replaces federal standard/itemized deductions with a new state-specific deduction:

Filing Status Base Amount Phase-out Start Phase-out End
Single $15,000 $40,000 $95,000
Married Filing Separately $15,000 $40,000 $95,000
Head of Household $22,500 $60,000 $142,500
Married Filing Jointly $30,000 $80,000 $190,000
Surviving Spouse $30,000 $80,000 $190,000

Formula: SCIAD = base_amount × (1 - (AGI - phase_out_start) / phase_out_width)

3. EITC Capped at $200

The SC EITC (125% of federal) is capped at a maximum of $200.

Status Checklist

  • Parameters updated with 2026+ effective dates
  • Variables updated to use new structure for 2026+
  • Tests updated for baseline behavior
  • CI passing
  • PR ready for review

References


This issue serves as the central coordination point for moving SC H4216 to baseline.

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