Current Status Bill Number:1398 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19960425 Primary Sponsor:Richter All Sponsors:Richter Drafted Document Number:RES9816.LER Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:Income tax exemption, foster child of parent
Body Date Action Description Com Leg Involved
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Senate 19960425 Introduced, read first time, 06 SF
referred to Committee
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TO AMEND SECTION 12-6-1120, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO MODIFICATIONS REGARDING INDIVIDUAL TAXABLE INCOME, SO AS TO PROVIDE THAT A TAXPAYER MAY CLAIM AN EXEMPTION FOR THE EXEMPTION AMOUNT FOR EACH FOSTER CHILD WHO RESIDES WITH THE TAXPAYER FOR OVER HALF OF THE YEAR WHO DID NOT OTHERWISE QUALIFY AS A DEPENDENT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-6-1120 of the 1976 Code is amended by adding an appropriately numbered item:
"( ) Internal Revenue Code Sections 151 and 152 shall be applied such that a taxpayer may claim an exemption for the exemption amount for each foster child who resides with the taxpayer for over half of the year who did not qualify as a dependent under Internal Revenue Code Section 152. The deduction allowed under Section 12-6-1160 shall be applicable to a foster child for whom an exemption is allowed under this subsection to the same extent as otherwise allowed for a child under Section 12-6-1160."
SECTION 2. This act takes effect upon approval by the Governor and applies to tax years beginning after 1995.