Current Status Bill Number:1018 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19980211 Primary Sponsor:Martin All Sponsors:Martin and Alexander Drafted Document Number:res1604.lam Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:Income tax return contribution to Habitat for Humanity Fund designated; Taxation, Property
Body Date Action Description Com Leg Involved
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Senate 19980211 Introduced, read first time, 06 SF
referred to Committee
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TO AMEND ARTICLE 37, CHAPTER 6, TITLE 12, CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-6-5085 SO AS TO PROVIDE THAT AN INDIVIDUAL TAXPAYER WHO DESIRES TO CONTRIBUTE TO THE HABITAT FOR HUMANITY FUND MAY DESIGNATE THE CONTRIBUTION ON THE STATE INCOME TAX FORM.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 37, Chapter 6, Title 12 of the 1976 Code is amended by adding:
"Section 12-6-5085. (A) Each taxpayer required to file a state individual income tax return may contribute to the Habitat for Humanity Fund by designating the contribution on the return. The contribution may be made by reducing the income tax refund or by remitting additional payment by the amount designated.
(B) All South Carolina individual income tax return forms must contain a designation for the above contribution. The instructions accompanying the income tax form must contain a description of the purposes for which the funds were established and the use of monies from the income tax contribution.
(C) The department shall determine and report annually to the fund the total amount of contributions designated. The department shall transfer the appropriate amount to each fund at the earliest possible time. The incremental cost of administration of the contribution must be paid out of the contributions before any funds are expended as provided in this section."
SECTION 2. This act takes effect upon approval by the Governor for tax years beginning after 1997.