South Carolina General Assembly
114th Session, 2001-2002

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Bill 1022


Indicates Matter Stricken
Indicates New Matter


                    Current Status

Bill Number:                      1022
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  20020214
Primary Sponsor:                  Bauer
All Sponsors:                     Bauer and Hayes
Drafted Document Number:          l:\council\bills\skb\18188zcw02.doc
Residing Body:                    Senate
Current Committee:                Finance Committee 06 SF
Subject:                          Reserve police officers, allowed same 
                                  income tax deduction as volunteer firefighters 
                                  and rescue squad members


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
Senate  20020214  Introduced, read first time,           06 SF
                  referred to Committee


              Versions of This Bill

View additional legislative information at the LPITS web site.


(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND SECTION 12-6-1140, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEDUCTIONS FROM INDIVIDUAL TAXABLE INCOME, SO AS TO ALLOW RESERVE POLICE OFFICERS THE SAME DEDUCTION AS ALLOWED FOR VOLUNTEER FIREFIGHTERS AND RESCUE SQUAD MEMBERS.

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

SECTION 1. Section 12-6-1140(10) of the 1976 Code is amended to read:

"(10) three hundred dollars for taxable year 1999 and three thousand dollars for taxable year 2000 for a volunteer firefighter, or rescue squad member, or a reserve police officer. For taxable years after 2000, the Board of Economic Advisors annually shall estimate a maximum deduction that may be permitted under this section for a taxable year based on an individual income tax revenue loss of three million one hundred thousand dollars attributable to this deduction and shall certify that maximum deduction to the Department of Revenue and for the applicable taxable year, the maximum deduction amount must not exceed the lesser of the certified estimate or three thousand dollars. Only a volunteer firefighter or rescue squad member earning a minimum number of points pursuant to Section 23-9-190 is eligible for this deduction."

SECTION 2. This act takes effect upon approval by the Governor and applies for tax years beginning after December 31, 2002.

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