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Session 121 - (2015-2016)Printer Friendly
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S 0064 General Bill, By Campsen
Summary: Long-term Care Tax Credit Act
A BILL TO AMEND CHAPTER 6, TITLE 12 OF THE 1976 CODE, RELATING TO TAX CREDITS OF THE SOUTH CAROLINA INCOME TAX ACT, TO ENACT THE "LONG-TERM CARE TAX CREDIT ACT" BY ADDING SECTION 12-6-3395, TO ALLOW A STATE INDIVIDUAL INCOME TAX CREDIT OF FIFTEEN PERCENT OF THE TOTAL AMOUNT OF PREMIUMS PAID BY A TAXPAYER PURSUANT TO A LONG-TERM CARE INSURANCE CONTRACT, NOT TO EXCEED THREE HUNDRED FIFTY DOLLARS IN A TAXABLE YEAR FOR EACH INDIVIDUAL COVERED BY SUCH A CONTRACT, AND TO PROHIBIT A DOUBLE BENEFIT.
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Summary: Long-term Care Tax Credit Act
A BILL TO AMEND CHAPTER 6, TITLE 12 OF THE 1976 CODE, RELATING TO TAX CREDITS OF THE SOUTH CAROLINA INCOME TAX ACT, TO ENACT THE "LONG-TERM CARE TAX CREDIT ACT" BY ADDING SECTION 12-6-3395, TO ALLOW A STATE INDIVIDUAL INCOME TAX CREDIT OF FIFTEEN PERCENT OF THE TOTAL AMOUNT OF PREMIUMS PAID BY A TAXPAYER PURSUANT TO A LONG-TERM CARE INSURANCE CONTRACT, NOT TO EXCEED THREE HUNDRED FIFTY DOLLARS IN A TAXABLE YEAR FOR EACH INDIVIDUAL COVERED BY SUCH A CONTRACT, AND TO PROHIBIT A DOUBLE BENEFIT.
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| 12/03/14 | Senate | Prefiled |
| 12/03/14 | Senate | Referred to Committee on Finance |
| 01/13/15 | Senate | Introduced and read first time (Senate Journal-page 64) |
| 01/13/15 | Senate | Referred to Committee on Finance (Senate Journal-page 64) |