---
type: "Bill"
title: "Allocation and apportionment"
description: "AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-2320, RELATING TO ALTERNATE METHODS FOR THE ALLOCATION AND APPORTIONMENT OF INCOME FOR STATE INCOME TAX PURPOSES, SO AS TO SET FORTH A PROCESS FOR THE DEPARTMENT OF REVENUE AND TAXPAYERS TO ACCURATELY DETERMINE NET INCOME. - RATIFIED TITLE"
jurisdiction: "us/states/sc"
legislature: "South Carolina General Assembly"
session: "2023-2024"
identifier: "S 298"
citation: "South Carolina S 298 (2023-2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Adams", "Bennett", "Campsen", "Kimbrell", "Turner"]
version_count: 10
action_count: 30
vote_count: 5
first_action: "2022-12-07"
last_action: "2024-03-14"
source: "openstates"
source_identifier: "ocd-bill/06523e87-684b-434c-9b56-15cb6b1c0d97"
source_url: "https://www.scstatehouse.gov/billsearch.php?billnumbers=298&session=125&summary=B"
source_hash: "eb31266db048d81a18e5a963b2931799e20bf546e844176d44c097711c104293"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-sc"]
---

# South Carolina S 298 (2023-2024) — Allocation and apportionment

AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-2320, RELATING TO ALTERNATE METHODS FOR THE ALLOCATION AND APPORTIONMENT OF INCOME FOR STATE INCOME TAX PURPOSES, SO AS TO SET FORTH A PROCESS FOR THE DEPARTMENT OF REVENUE AND TAXPAYERS TO ACCURATELY DETERMINE NET INCOME. - RATIFIED TITLE

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Filed** (filed) — [source](https://www.scstatehouse.gov/sess125_2023-2024/bills/298.htm)
2. **01/25/2024** (committee substitute) — [source](https://www.scstatehouse.gov/sess125_2023-2024/prever/298_20240125.htm)
3. **01/26/2024** (committee substitute) — [source](https://www.scstatehouse.gov/sess125_2023-2024/prever/298_20240126.htm)
4. **01/31/2024** (committee substitute) — [source](https://www.scstatehouse.gov/sess125_2023-2024/prever/298_20240131.htm)
5. **02/02/2024** (committee substitute) — [source](https://www.scstatehouse.gov/sess125_2023-2024/prever/298_20240202.htm)
6. **02/05/2024** (committee substitute) — [source](https://www.scstatehouse.gov/sess125_2023-2024/prever/298_20240205.htm)
7. **02/20/2024** (committee substitute) — [source](https://www.scstatehouse.gov/sess125_2023-2024/prever/298_20240220.htm)
8. **03/22/2023** (committee substitute) — [source](https://www.scstatehouse.gov/sess125_2023-2024/prever/298_20230322.htm)
9. **03/24/2023** (committee substitute) — [source](https://www.scstatehouse.gov/sess125_2023-2024/prever/298_20230324.htm)
10. **12/07/2022** (committee substitute) — [source](https://www.scstatehouse.gov/sess125_2023-2024/prever/298_20221207.htm)

## Votes

- Concur in Senate Amendments — **113–0** (pass) · lower
- Passage of Bill — **109–0** (pass) · lower
- to lay on the table — **24–11** (pass) · upper
- 2nd Reading — **34–6** (pass) · upper
- to adopt — **44–0** (pass) · upper

## Sponsors

- Adams — primary (person)
- Bennett — primary (person)
- Campsen — primary (person)
- Kimbrell — primary (person)
- Turner — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2022-12-07** Prefiled `filing`
- **2022-12-07** Referred to Committee on Finance `referral-committee`
- **2023-01-10** Introduced and read first time `introduction, reading-1`
- **2023-01-10** Referred to Committee on Finance `referral-committee`
- **2023-03-22** Committee report: Favorable Finance `committee-passage-favorable`
- **2023-03-24** Scrivener's error corrected
- **2023-03-28** Special order, set for March 8, 2023
- **2023-03-29** Read second time `reading-2`
- **2023-03-29** Roll call Ayes-34 Nays-6
- **2023-03-30** Read third time and sent to House `passage, reading-3`
- **2023-04-04** Introduced and read first time `introduction, reading-1`
- **2023-04-04** Referred to Committee on Ways and Means `referral-committee`
- **2024-01-25** Committee report: Favorable with amendment Ways and Means `committee-passage-favorable`
- **2024-01-26** Scrivener's error corrected
- **2024-01-30** Debate adjourned
- **2024-01-31** Amended `amendment-passage`
- **2024-01-31** Read second time `reading-2`
- **2024-01-31** Roll call Yeas-109 Nays-0
- **2024-02-01** Read third time and returned to Senate with amendments `passage, reading-3`
- **2024-02-02** Scrivener's error corrected
- **2024-02-05** Scrivener's error corrected
- **2024-02-20** House amendment amended `amendment-amendment`
- **2024-02-20** Roll call Ayes-44 Nays-0
- **2024-02-20** Returned to House with amendments
- **2024-02-28** Concurred in Senate amendment and enrolled
- **2024-02-28** Roll call Yeas-113 Nays-0
- **2024-03-07** Ratified R 113
- **2024-03-11** Signed By Governor `executive-signature`
- **2024-03-14** Effective date See Act for Effective Date
- **2024-03-14** Act No. 113

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/06523e87-684b-434c-9b56-15cb6b1c0d97`. Confidence: reported (aggregated from official South Carolina legislature records).