South Carolina General Assembly
114th Session, 2001-2002

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Bill 1110

Indicates Matter Stricken
Indicates New Matter

                    Current Status

Bill Number:                      1110
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  20020312
Primary Sponsor:                  J. Verne Smith
All Sponsors:                     J. Verne Smith, McConnell, Richardson, 
                                  Leatherman, Courson, Mescher, Grooms, Peeler, 
                                  Alexander, Ravenel, Ryberg, Branton, Giese, 
                                  Thomas, Verdin, Martin, Kuhn, Hayes, Hawkins, 
                                  Fair, Drummond, O'Dell, McGill, Reese, Rankin
Drafted Document Number:          l:\council\bills\nbd\11393ac02.doc
Residing Body:                    Senate
Current Committee:                Finance Committee 06 SF
Subject:                          Nursing home tax credit established for 
                                  private, nonprofit nursing homes


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
Senate  20020508  Recommitted to Committee               06 SF
Senate  20020313  Read second time, ordered to
                  third reading with notice of
                  general amendments
Senate  20020312  Introduced, read first time,
                  placed on Calendar without reference


              Versions of This Bill
Revised on March 12, 2002 - Word format
View additional legislative information at the LPITS web site.

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

INTRODUCED

March 12, 2002

    S. 1110

Introduced by Senators J. Verne Smith, McConnell, Richardson, Leatherman, Courson, Mescher, Grooms, Peeler, Alexander, Ravenel, Ryberg, Branton, Giese, Thomas, Verdin, Martin, Kuhn, Hayes, Hawkins, Fair and Drummond

S. Printed 3/12/02--S.

Read the first time March 12, 2002.

            

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-6-3392 SO AS TO ESTABLISH A REFUNDABLE NURSING HOME TAX CREDIT FOR CERTAIN PRIVATE, NONPROFIT NURSING HOMES AND TO PROVIDE THAT THE AMOUNT OF THE CREDIT IS EQUAL TO THE SAME PERCENTAGE OF THE TOTAL AMOUNT REFUNDABLE AS THE NUMBER OF PATIENT DAYS PROVIDED BY A NURSING HOME TO THE TOTAL NUMBER OF PATIENT DAYS PROVIDED BY ALL ELIGIBLE NURSING HOMES.

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

SECTION    1.    The 1976 Code is amended by adding:

    "Section 12-6-3392.    Private, nonprofit licensed nursing homes, except those which are hospital based or related, those which lease real property from a public entity, and those which are owned and operated by any homeowners' association, are, upon application to the Department of Revenue, eligible for a refundable tax credit. The amount of the tax credit for each nursing home shall be equal to the same percentage of the total amount refundable, not to exceed two million dollars annually, as the number of patient days provided by a nursing home is to the total number of patient days provided by the nursing homes herein described."

SECTION    2.    This act takes effect upon approval by the Governor.

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