S 0579 General Bill, By McConnell, Passailaigue, Ravenel, Branton, Hutto and Washington
Summary: Long term care insurance premiums, income tax credit for; Aging, Residential Care Facilities, Taxation
    A BILL TO AMEND ARTICLE 25, CHAPTER 6, TITLE 12, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CREDITS APPLIED AGAINST STATE INCOME TAX LIABILITY, BY ADDING SECTION 12-6-3395 SO AS TO ALLOW A TAX CREDIT OF FIFTEEN PERCENT OF THE TOTAL AMOUNT OF PREMIUMS PAID BY A TAXPAYER PURSUANT TO A LONG-TERM CARE INSURANCE CONTRACT, UP TO THREE HUNDRED FIFTY DOLLARS FOR EACH TAXABLE YEAR FOR EACH CONTRACT, AND TO PROHIBIT A DOUBLE BENEFIT.
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03/09/99	Senate	Introduced and read first time SJ-7
03/09/99	Senate	Referred to Committee on Finance SJ-7