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Session 122 - (2017-2018)Printer Friendly
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H 3226 General Bill, By Cobb-Hunter and Daning
Summary: Refundable state individual income tax credit
A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-6-3632 SO AS TO ALLOW A REFUNDABLE STATE INDIVIDUAL INCOME TAX CREDIT EQUAL TO THREE PERCENT OF THE FEDERAL EARNED INCOME TAX CREDIT OF A TAXPAYER BEGINNING WITH TAX YEAR 2017 AND ANNUALLY TO INCREASE THE AMOUNT OF THE CREDIT IN INCREMENTS OF ONE-HALF PERCENT UNTIL THE CREDIT EQUALS FIVE PERCENT.
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Summary: Refundable state individual income tax credit
A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-6-3632 SO AS TO ALLOW A REFUNDABLE STATE INDIVIDUAL INCOME TAX CREDIT EQUAL TO THREE PERCENT OF THE FEDERAL EARNED INCOME TAX CREDIT OF A TAXPAYER BEGINNING WITH TAX YEAR 2017 AND ANNUALLY TO INCREASE THE AMOUNT OF THE CREDIT IN INCREMENTS OF ONE-HALF PERCENT UNTIL THE CREDIT EQUALS FIVE PERCENT.
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| 12/15/16 | House | Prefiled |
| 12/15/16 | House | Referred to Committee on Ways and Means |
| 01/10/17 | House | Introduced and read first time (House Journal-page 119) |
| 01/10/17 | House | Referred to Committee on Ways and Means (House Journal-page 119) |
| 01/11/17 | House | Member(s) request name added as sponsor: Daning (House Journal-page 43) |