Reference is to Printer's Date 3/8/12-H.
Amend the bill, as and if amended, by deleting Section 12-6-1145(A)(2) on page 2, lines 8-10 and inserting:
/(2) 'Home school' means a home, residence, or location where a parent or legal guardian teaches one or more children as authorized pursuant to Section 59-65-40 or 59-65-45. /
Amend the bill, further, Section 12-6-1145(B)(1) on page 2, lines 23-34 and inserting:
/(1) Beginning with the 2012-2013 school year, a parent or legal guardian who teaches one or more qualifying students at home as authorized pursuant to Section 59-65-40 or 59-65-45 may take a deduction against their State of South Carolina taxable income of up to two thousand dollars per home school student for instruction-related expenditures. This deduction is limited to a total of two thousand dollars per child per year regardless of the number of taxpayers incurring home school instruction-related expenses on behalf of that child. The deduction allowed by this subsection is fully deductible for the calendar year in which the home school term begins provided the qualifying student completes the school term for that school year. /
Renumber sections to conform.
Amend title to conform.