H 3522 General Bill, By Duncan, Ballentine, Merrill, Bannister, Bedingfield, Bowen, Gullick, Haley, Herbkersman, Littlejohn, Ott, E.H. Pitts, M.A. Pitts, Scarborough, Taylor, Witherspoon and Talley
Summary: Community Schools Investment Act
    A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-6-3650 SO AS TO ENACT THE "COMMUNITY SCHOOLS INVESTMENT ACT", TO PROVIDE THAT A PERSON IS ALLOWED AN INCOME TAX CREDIT UP TO ONE HUNDRED FIFTY DOLLARS A YEAR FOR A CONTRIBUTION TO A PUBLIC SCHOOL, TO PROVIDE FOR A COMMUNITY SCHOOLS INVESTMENT COMMITTEE AT EACH PUBLIC SCHOOL THAT RECEIVES A CONTRIBUTION TO DETERMINE HOW THE FUNDS ARE SPENT, AND TO PROVIDE THAT TOTAL TAX CREDITS CLAIMED MAY NOT EXCEED FIVE MILLION DOLLARS EACH YEAR.
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02/14/07	House	Introduced and read first time HJ-4
02/14/07	House	Referred to Committee on Ways and Means HJ-4
02/21/07	House	Member(s) request name added as sponsor: Talley