South Carolina General Assembly
118th Session, 2009-2010

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Indicates Matter Stricken
Indicates New Matter

S. 968

STATUS INFORMATION

General Bill
Sponsors: Senators Bryant and Ryberg
Document Path: l:\s-res\klb\019volu.kmm.klb.docx

Introduced in the Senate on January 12, 2010
Currently residing in the Senate Committee on Finance

Summary: General fund

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   12/9/2009  Senate  Prefiled
   12/9/2009  Senate  Referred to Committee on Finance
   1/12/2010  Senate  Introduced and read first time SJ-38
   1/12/2010  Senate  Referred to Committee on Finance SJ-38

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

12/9/2009

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND CHAPTER 6, TITLE 12 OF THE 1976 CODE, RELATING TO THE SOUTH CAROLINA INCOME TAX, BY ADDING SECTION 12-6-5062, TO PROVIDE THAT TAXPAYERS MAY MAKE VOLUNTARY CONTRIBUTIONS TO THE GENERAL FUND OF THE STATE, TO PROVIDE THAT INCOME TAX FORMS MUST CONTAIN A DESIGNATION FOR THE CONTRIBUTION, TO PROVIDE THAT THE INSTRUCTIONS ACCOMPANYING THE INCOME TAX FORM MUST CONTAIN AN EXPLANATION OF HOW THE ADDITIONAL PAYMENT WILL BE USED, AND TO REQUIRE THE DEPARTMENT TO REPORT THE AMOUNT COLLECTED PURSUANT TO THIS SECTION.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Chapter 6, Title 12 of the 1976 Code is amended by adding:

"Section 12-6-5062.    (A)    Each taxpayer required to file a state individual income tax return may contribute an amount in excess of the taxes imposed by this chapter to the General Fund of the State by designating the contribution on his 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 contribution provided for in this section. The instructions accompanying the income tax form must contain an explanation that the additional payment will be used for general government expenditures provided for in the annual appropriations act.

(C)    The department shall determine and report at least annually to the General Assembly the total amount of contributions designated to the fund."

SECTION    2.    This act takes effect upon approval by the Governor.

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This web page was last updated on Monday, October 10, 2011 at 12:16 P.M.