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Indicates Matter Stricken
Indicates New Matter
S. 17
STATUS INFORMATION
General Bill
Sponsors: Senator Grooms
Document Path: l:\s-res\lkg\003idpr.kmm.lkg.docx
Companion/Similar bill(s): 24, 3305
Introduced in the Senate on January 8, 2013
Currently residing in the Senate Committee on Finance
Summary: Income tax credit
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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12/13/2012 Senate Prefiled
12/13/2012 Senate Referred to Committee on Finance
1/8/2013 Senate Introduced and read first time (Senate Journal-page 32)
1/8/2013 Senate Referred to Committee on Finance (Senate Journal-page 32)
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AMEND CHAPTER 6, TITLE 12 OF THE 1976 CODE, RELATING TO THE SOUTH CAROLINA INCOME TAX ACT, BY ADDING SECTION 12-6-3760, TO PROVIDE THAT TAXPAYERS MAY CLAIM UP TO A TWO HUNDRED DOLLAR REFUNDABLE TAX CREDIT FOR COSTS AND EXPENSES INCURRED BY THE TAXPAYER RELATED TO PURCHASING AND MAINTAINING IDENTITY FRAUD AND THEFT PROTECTION SERVICES.
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 12-6-3760. There is allowed as a refundable tax credit against the income tax liability of a taxpayer imposed by this chapter an amount equal to the costs incurred by the taxpayer, not to exceed two hundred dollars, related to purchasing and maintaining identity fraud and theft protection services, including, but not limited to, credit monitoring and alerts, identity theft insurance, and identity theft resolution services that are designed to detect, protect, and resolve potential identity theft and related matters."
This web page was last updated on Thursday, February 28, 2013 at 3:49 P.M.