South Carolina General Assembly
120th Session, 2013-2014

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H. 3029

STATUS INFORMATION

General Bill
Sponsors: Rep. King
Document Path: l:\council\bills\nl\13016dg13.docx

Introduced in the House on January 8, 2013
Currently residing in the House Committee on Ways and Means

Summary: Income tax deductions

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
  12/11/2012  House   Prefiled
  12/11/2012  House   Referred to Committee on Ways and Means
    1/8/2013  House   Introduced and read first time (House Journal-page 57)
    1/8/2013  House   Referred to Committee on Ways and Means 
                        (House Journal-page 57)

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

12/11/2012

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

A BILL

TO AMEND SECTION 12-6-1140, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEDUCTIONS FROM THE INDIVIDUAL INCOME TAX, SO AS TO ALLOW A DEDUCTION FOR COSTS TO PURCHASE IDENTITY THEFT PROTECTION.

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

SECTION    1.    Section 12-6-1140 of the 1976 Code, as last amended by Act 353 of 2008, is further amended by adding an appropriately numbered item at the end to read:

"( )    actual costs, but not exceeding two hundred dollars, incurred by a taxpayer in the taxable year to purchase identity theft protection. This deduction is allowed only to a taxpayer that filed a return with the department for any taxable year after 1997 and before 2013, or any taxpayer whose identifying information was contained on such a return. The deduction allowed by this item may not be claimed by an individual if the individual deducted the same actual costs as a business expense. For purposes of this item, 'identity theft protection' means a product or service that attempts to prevent someone from using the taxpayer's personal or financial information to fraudulently obtain resources, credit, or other benefits in the taxpayer's name."

SECTION    2.    This act takes effect upon approval by the Governor and applies to tax years beginning after 2012.

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This web page was last updated on Thursday, February 28, 2013 at 3:22 P.M.