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Indicates Matter Stricken
Indicates New Matter
S. 883
STATUS INFORMATION
General Bill
Sponsors: Senator Martin
Document Path: l:\s-res\srm\004boat.dmr.srm.docx
Introduced in the Senate on January 10, 2018
Currently residing in the Senate Committee on Finance
Summary: Income tax credit
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 1/10/2018 Senate Introduced and read first time (Senate Journal-page 5) 1/10/2018 Senate Referred to Committee on Finance (Senate Journal-page 5)
View the latest legislative information at the website
VERSIONS OF THIS BILL
TO AMEND ARTICLE 25, CHAPTER 6, TITLE 12 OF THE 1976 CODE, RELATING TO SOUTH CAROLINA INCOME TAX CREDITS, TO PROVIDE THAT A TAXPAYER WHO PURCHASES AND USES MOTOR FUEL FOR A PURPOSE OTHER THAN TO OPERATE A PRIVATE PASSENGER MOTOR VEHICLE AS DEFINED IN SECTION 56-3-630 IS ALLOWED A REFUNDABLE INCOME TAX 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 12-6-3785. A taxpayer who purchases and uses motor fuel for a purpose other than to operate a private passenger motor vehicle as defined in Section 56-3-630 is allowed a refundable income tax credit in the amount the resident taxpayer expends on motor fuel for purposes other than to operate a private passenger motor vehicle. The resident taxpayer shall claim the credit allowed by this section on the resident taxpayer's income tax return in the manner prescribed by the department. The department may require any documentation it deems necessary to implement the provisions of this section."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on
January 16, 2018 at 2:50 PM