Scroll to History Page
Scroll to Previous Versions Links List
Scroll to Full Text
Download This Bill in Microsoft Word format
Current Status Bill Number:View additional legislative information at the LPITS web site.1095 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:20020307 Primary Sponsor:Grooms All Sponsors:Grooms Drafted Document Number:l:\council\bills\gjk\21102sd02.doc Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:Income tax credit for tuition paid to institution of higher learning, credit hours required for qualification History Body Date Action Description Com Leg Involved ______ ________ ______________________________________ _______ ____________ Senate 20020307 Introduced, read first time, 06 SF referred to Committee Versions of This Bill
TO AMEND SECTION 12-6-3385, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO A REFUNDABLE INCOME TAX CREDIT FOR TUITION PAID TO AN INSTITUTION OF HIGHER LEARNING, SO AS TO PROVIDE THAT IN ORDER TO QUALIFY FOR THE TAX CREDIT THE STUDENT MUST HAVE EARNED AT LEAST TWENTY-SEVEN CREDIT HOURS RATHER THAN THIRTY CREDIT HOURS IN THE YEAR THE CREDIT IS CLAIMED IF THE STUDENT BEGAN EACH SEMESTER OF THAT YEAR WITH A COURSE LOAD OF AT LEAST FIFTEEN HOURS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-6-3385(B)(3)(b) of the 1976 Code is amended to read:
"(b) who at the end of the taxable year for which the credit is claimed has completed at least thirty twenty-seven credit hours each year, or its equivalent, as determined by the Commission on Higher Education after having begun each semester of that year with a course load of at least fifteen hours, and who is admitted, enrolled, and classified as a degree seeking undergraduate or enrolled in a certificate or diploma program of at least one year;"
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on
Tuesday, December 8, 2009 at 11:16 A.M.