South Carolina Legislature




Instructions


 
Loading...
Session 122 - (2017-2018)Printer Friendly
(pdf format)
S 0052 General Bill, By Campsen
Summary: State income tax credit
    A BILL TO AMEND SECTION 12-6-3515, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE STATE INCOME TAX CREDIT ALLOWED FOR DONATIONS OF A GIFT OF LAND FOR CONSERVATION OR A QUALIFIED CONSERVATION CONTRIBUTION, SO AS TO PROVIDE THAT THE CREDIT EQUALS TWENTY-FIVE PERCENT OF THE TOTAL VALUE OF THE GIFT RATHER THAN TWENTY-FIVE PERCENT OF THE CHARITABLE DEDUCTION FOR THE GIFT ALLOWED ON THE TAXPAYER'S FEDERAL INCOME TAX RETURN, TO INCREASE THE MAXIMUM ANNUAL CREDIT ALLOWED A TAXPAYER FROM FIFTY-TWO THOUSAND, FIVE HUNDRED DOLLARS TO ONE HUNDRED FIFTY THOUSAND DOLLARS, TO ADJUST THE MAXIMUM ANNUAL CREDIT FOR INCREASES IN THE CONSUMER PRICE INDEX, AND TO DELETE OBSOLETE PROVISIONS.
View full text
12/13/16Senate Prefiled
12/13/16Senate Referred to Committee on Finance
01/10/17Senate Introduced and read first time (Senate Journal-page 39)
01/10/17Senate Referred to Committee on Finance (Senate Journal-page 39)



Legislative Services Agency
h t t p : / / w w w . s c s t a t e h o u s e . g o v