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Session 119 - (2011-2012)Printer Friendly
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H 3092 General Bill, By Young, Daning, G.R. Smith, Hamilton and D.C. Moss
Similar (S 0136)
Summary: Long-Term Care Income Tax Credit Act
A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, SO AS TO ENACT THE "LONG-TERM CARE INCOME TAX CREDIT ACT" BY ADDING SECTION 12-6-3395 TO ALLOW A STATE INDIVIDUAL INCOME TAX CREDIT OF TWENTY-FIVE PERCENT OF THE TOTAL AMOUNT OF PREMIUMS PAID BY A TAXPAYER PURSUANT TO A LONG-TERM CARE INSURANCE CONTRACT, UP TO ONE THOUSAND DOLLARS FOR EACH TAXABLE YEAR FOR EACH CONTRACT, TO PROHIBIT A DOUBLE BENEFIT, AND TO MAKE THIS CREDIT RETROACTIVE FOR TAXABLE YEARS BEGINNING AFTER 2010.
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Similar (S 0136)
Summary: Long-Term Care Income Tax Credit Act
A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, SO AS TO ENACT THE "LONG-TERM CARE INCOME TAX CREDIT ACT" BY ADDING SECTION 12-6-3395 TO ALLOW A STATE INDIVIDUAL INCOME TAX CREDIT OF TWENTY-FIVE PERCENT OF THE TOTAL AMOUNT OF PREMIUMS PAID BY A TAXPAYER PURSUANT TO A LONG-TERM CARE INSURANCE CONTRACT, UP TO ONE THOUSAND DOLLARS FOR EACH TAXABLE YEAR FOR EACH CONTRACT, TO PROHIBIT A DOUBLE BENEFIT, AND TO MAKE THIS CREDIT RETROACTIVE FOR TAXABLE YEARS BEGINNING AFTER 2010.
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| 12/07/10 | House | Prefiled |
| 12/07/10 | House | Referred to Committee on Ways and Means |
| 01/11/11 | House | Introduced and read first time (House Journal-page 41) |
| 01/11/11 | House | Referred to Committee on Ways and Means (House Journal-page 41) |
| 01/20/11 | House | Member(s) request name added as sponsor: D.C.Moss |