Reference is to Printer's Date 3/8/12--H.
Amend the bill, as and if amended, Section 12-6-1146, as contained in SECTION 2, page 8, by adding after line 41 an appropriately lettered subsection to read:
/ ( )(1) An independent school which would
meet the requirements of this section to become an 'eligible
school' as defined in subsection (C)(1) and which gives
scholarships to students other than those who are 'exceptional
needs' students or students who are eligible for the federal
free or reduced school lunch program or whose families meet the
requirements for federal Medicaid benefits, must nevertheless
also accept these type of students and accept scholarships
provided in their behalf under the provisions of this section.
In this event, the scholarships provided for these students
under the provisions of this section shall be as provided in
subsection (F)(1) or (2), as applicable.
(2) Notwithstanding any other provision of law, if an independent school fails to comply with the provisions of this section, contributions to it otherwise tax deductible for State of South Carolina income tax purposes are not tax deductible for any year in which the school fails to comply with the provisions of this subsection. /
Renumber sections to conform.
Amend title to conform.