Current Status Bill Number:5041 Type of Legislation:General Bill GB Introducing Body:House Introduced Date:19980414 Primary Sponsor:McMaster All Sponsors:McMaster, Bowers, Sharpe, Wilkes, Whatley, Vaughn, McLeod, Cotty, McCraw, Stoddard, Davenport, Wilder, Barfield, Neilson, Gamble, Littlejohn, Rodgers, Rhoad and Phillips Drafted Document Number:bbm\9824mm.98 Residing Body:House Current Committee:Ways and Means Committee 30 HWM Subject:Income tax credits, handicapped person; additional when person has mentally or physically dependent
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
House 19980414 Introduced, read first time, 30 HWM
referred to Committee
View additional legislative information at the LPITS web site.
TO AMEND ARTICLE 25, CHAPTER 6, TITLE 12, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO STATE INCOME TAX CREDITS, BY ADDING SECTION 12-6-3375 SO AS TO PROVIDE FOR AN ADDITIONAL CREDIT OF FIVE HUNDRED DOLLARS AGAINST THE TAXABLE INCOME OF AN INDIVIDUAL TAXPAYER WHO HAS A MENTALLY OR PHYSICALLY HANDICAPPED DEPENDENT AND TO DEFINE "MENTALLY OR PHYSICALLY HANDICAPPED" FOR PURPOSES OF THE CREDIT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 25, Chapter 6, Title 12 of the 1976 Code is amended by adding:
"Section 12-6-3375. (A) An individual taxpayer who has a mentally or physically handicapped dependent may claim an income tax credit of five hundred dollars against the taxes imposed by this chapter which shall be in addition to all other credits or exemptions allowed by law.
(B) For purposes of this section, a dependent who is 'mentally or physically handicapped' means a dependent:
(1) who is a 'handicapped person' as defined at Section 2-7-35; and
(2) whose mental or physical impairment is :
(a) congenital or acquired by accident or disease; and
(b) documented and verifiable by medical findings."
SECTION 2. This act takes effect upon approval by the Governor.