Current Amendment: 4813R007.LKG.DOCX to Bill 4813
Senator GROOMS proposes the following amendment (4813R007.LKG.DOCX):
Amend the bill, as and if amended, Part IB, Section 89, GENERAL PROVISIONS, page 522, after line 17, by adding an appropriately numbered new proviso to read:
/ 89.__. (GP: Home School/Tuition Tax Deduction) For the current fiscal year, a parent or legal guardian may take a deduction in computing their 2012 State of South Carolina taxable income for expenses incurred in 2012 of up to:
(A) two thousand dollars per home school student for instruction related expenditures for a parent or legal guardian who teaches one or more qualifying students at home as authorized pursuant to Section 59-65-40, 59-65-45, or 59-65-47. This deduction is limited to a total of two thousand dollars per child regardless of the number of taxpayers incurring home school instruction related expenses on behalf of that child;
(B) four thousand dollars for tuition paid to an independent school within this State, other than a public school or home school, at which the compulsory attendance requirements of Section 59-65-10 may be met and that does not discriminate based on the grounds of race, color, or national origin, for tuition, fees, or school related transportation expenses on behalf of their child or ward to attend the independent school for that school year. The child or ward must be a student who is a South Carolina resident and who is eligible to be enrolled in a South Carolina secondary or elementary public school at the kindergarten or later year level for the current school year. This deduction is limited to a total of four thousand dollars per child regardless of the number of taxpayers making tuition payments on behalf of that child;
(C) one thousand dollars paid on behalf of their child or ward to attend a school in a school district which is not the school district of residence of the child or ward. This deduction is limited to a total of one thousand dollars per child regardless of the number of taxpayers making payments to another school district on behalf of that child.
Renumber sections to conform.
Amend sections, totals and title to conform.