H 3608 General Bill, By Easterday, Altman, Askins, Barfield, Barrett, Bauer, 
J.M. Baxley, Beck, T. Brown, A.W. Byrd, Campsen, Cato, Cave, Cooper, Davenport, 
Delleney, Edge, J.G. Felder, Govan, Hamilton, Harrell, Harrison, Haskins, 
Inabinett, Keegan, Kelley, Lanford, Law, Leach, L.H. Limbaugh, Limehouse, 
Littlejohn, Lloyd, Loftis, Mason, McCraw, McKay, W. McLeod, McMahand, 
J.D. McMaster, Moody-Lawrence, Phillips, Rice, Riser, Rodgers, Sandifer, 
Seithel, Sharpe, Simrill, D. Smith, F. Smith, R. Smith, Stille, E.C. Stoddard, 
Townsend, Tripp, Trotter, Vaughn, Whatley, Wilder, Wilkins, Witherspoon and 
Young-Brickell

Similar(S 590)
 A BILL TO AMEND SECTION 12-6-1140, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA,
 1976, RELATING TO DEDUCTIONS ALLOWED FROM SOUTH CAROLINA TAXABLE INCOME OF
 INDIVIDUALS FOR PURPOSES OF THE SOUTH CAROLINA INCOME TAX ACT, SO AS TO ALLOW
 A DEDUCTION FOR AMOUNTS PAID FOR HEALTH INSURANCE PREMIUMS BY SELF-EMPLOYED
 PERSONS TO THE EXTENT THAT THE COST OF THESE PREMIUMS WAS NOT DEDUCTED ON THE
 TAXPAYER'S FEDERAL INCOME TAX RETURN.

   03/06/97  House  Introduced and read first time HJ-6
   03/06/97  House  Referred to Committee on Ways and Means HJ-6
   04/24/97  House  Committee report: Favorable with amendment Ways
                     and Means HJ-4
   04/29/97  House  Amended HJ-78
   04/29/97  House  Read second time HJ-79
   04/29/97  House  Roll call Yeas-111  Nays-0 HJ-80
   04/30/97  House  Read third time and sent to Senate HJ-25
   05/01/97  Senate Introduced and read first time SJ-10
   05/01/97  Senate Referred to Committee on Finance SJ-10

April 29, 1997

H. 3608

Introduced by Reps. Easterday, McMaster, F. Smith, Young-Brickell, Altman, Cave, Stille, R. Smith, Simrill, Askins, Lloyd, Kelley, Seithel, Rice, Cooper, Govan, Cato, Edge, McMahand, Stoddard, Sandifer, Haskins, Wilkins, Harrison, Loftis, Sharpe, Hamilton, Trotter, Keegan, Beck, Witherspoon, Phillips, Law, Littlejohn, Barfield, Davenport, Riser, Barrett, Rodgers, Campsen, Limehouse, Felder, McCraw, Bauer, Byrd, McLeod, Whatley, Delleney, Baxley, Harrell, Tripp, Vaughn, Mason, Limbaugh, Lanford, McKay, Townsend, T. Brown, Wilder, Leach, D. Smith, Moody-Lawrence and Inabinett

S. Printed 4/29/97--H.

Read the first time March 6, 1997.

TO AMEND SECTION 12-6-1140, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEDUCTIONS ALLOWED FROM SOUTH CAROLINA TAXABLE INCOME OF INDIVIDUALS FOR PURPOSES OF THE SOUTH CAROLINA INCOME TAX ACT, SO AS TO ALLOW A DEDUCTION FOR AMOUNTS PAID FOR HEALTH INSURANCE PREMIUMS BY SELF-EMPLOYED PERSONS TO THE EXTENT THAT THE COST OF THESE PREMIUMS WAS NOT DEDUCTED ON THE TAXPAYER'S FEDERAL INCOME TAX RETURN.

Amend Title To Conform

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1. Section 12-6-1140 of the 1976 Code, as last amended by Act 145 of 1995, is further amended by adding an appropriately numbered item at the end to read:

"( ) the portion of premiums not deductible pursuant to Internal Revenue Code Section 162(l) because the 'applicable percentage' as defined in that section is less than one hundred percent."

SECTION 2. Upon approval by the Governor, this act is effective for taxable years beginning after 1997.