S. 522 has been signed by the Governor.

With the enactment of S. 522, South Carolina now recognizes many important changes made to the Internal Revenue Code in 2010, including increases in Section 179 expensing; deductions for tuition and fees, educator expenses, and mortgage insurance premiums; and the exclusion of employer reimbursements of health care expenses for children under the age of 27; and more.

PLEASE NOTE, however, South Carolina still does not recognize bonus depreciation.

The Internal Revenue Code sections not recognized by South Carolina are listed in S.C. Code § 12-6-50.