Current Status Introducing Body:House Bill Number:3744 Primary Sponsor:McElveen Committee Number:11 Type of Legislation:GB Subject:Campaign contributions Residing Body:Senate Current Committee:Judiciary Computer Document Number:WWW/30045DW.93 Introduced Date:19930318 Date of Last Amendment:19930602 Last History Body:Senate Last History Date:19930603 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:McElveen Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved
____ ______ ____________ ______________________________ ___ ____________
3744 Senate 19930603 Introduced, read first time, 11
referred to Committee
3744 House 19930603 Read third time, sent to
Senate
3744 House 19930602 Amended, read second time
3744 House 19930601 Debate adjourned until
Wednesday, June 2, 1993
3744 House 19930520 Committee Report: Favorable 25
with amendment
3744 House 19930318 Introduced, read first time, 25
referred to Committee
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Indicates Matter Stricken
Indicates New Matter
AMENDED
June 2, 1993
H. 3744
S. Printed 6/2/93--H.
Read the first time May 18, 1993.
This Bill amends Section 8-13-1300 and 8-13-1314, both as amended, relating to definitions concerning campaign practices and campaign contribution limits and restrictions, so as to prohibit a candidate or anyone acting on his behalf from soliciting or accepting a contribution from a bank, corporation, partnership, firm, or noncandidate committee, as defined in Section 8-13-1300, and to amend Article 10, Chapter 7, Title 12 of the 1976 Code by adding Section 12-7-1213, so as to provide a tax credit of twenty-five dollars to individuals for political contributions.
This Bill would reduce General Fund individual income tax revenue by approximately $1,000,000 per year.
Based on information provided by the State Ethics Commission, Section three of this legislation would enable approximately 40,000 contributors to political candidates a $25 income tax credit.
Approved By:
A. Crawford Clarkson, Jr.
S.C. Tax Commission
TO AMEND SECTIONS 8-13-1300 AND 8-13-1314, BOTH AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEFINITIONS CONCERNING CAMPAIGN PRACTICES AND CAMPAIGN CONTRIBUTION LIMITS AND RESTRICTIONS, SO AS TO PROHIBIT A CANDIDATE OR ANYONE ACTING ON HIS BEHALF FROM SOLICITING OR ACCEPTING A CONTRIBUTION FROM A BANK, CORPORATION, PARTNERSHIP, FIRM, OR NONCANDIDATE COMMITTEE, AS DEFINED IN SECTION 8-13-1300, AND TO AMEND ARTICLE 10, CHAPTER 7, TITLE 12 OF THE 1976 CODE BY ADDING SECTION 12-7-1213, SO AS PROVIDE A TAX CREDIT OF TWENTY-FIVE DOLLARS TO INDIVIDUALS FOR POLITICAL CONTRIBUTIONS.
Amend Title To Conform
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 10, Chapter 7, Title 12 of the 1976 Code is amended by adding:
"Section 12-7-1213. There is allowed as a credit against the individual income tax imposed pursuant to Section 12-7-210 the amount of political contributions made by the taxpayer to a candidate or committee subject to the contribution limitation imposed pursuant to Chapter 13 of Title 8. The total credit allowed under this section may not exceed twenty-five dollars in a taxable year per taxpayer."
SECTION 2. This act takes effect upon approval by the Governor.