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S. 239
STATUS INFORMATION
General Bill
Sponsors: Senators Grooms, Fair and Verdin
Document Path: l:\council\bills\bbm\9408htc03.doc
Introduced in the Senate on January 22, 2003
Currently residing in the Senate Committee on Finance
Summary: Income tax, preborn child is dependent, tax deduction
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 1/22/2003 Senate Introduced and read first time SJ-4 1/22/2003 Senate Referred to Committee on Finance SJ-4
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VERSIONS OF THIS BILL
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-6-1165 SO AS TO PROVIDE A TAX EXEMPTION FOR EACH PREBORN CHILD AS A DEPENDENT FOR SOUTH CAROLINA INCOME TAX PURPOSES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 9, Chapter 6, Title 12 of the 1976 Code is amended by adding:
"Section 12-6-1165. In addition to the personal exemption allowed for dependents under federal law, a South Carolina resident individual is allowed an exemption for each preborn child for South Carolina individual income tax purposes if the child, when born, may be claimed as a dependent child on the taxpayer's federal income tax return. This exemption is not allowed for a taxable year in which the taxpayer claims the same child as a dependent on the taxpayer's federal income tax return. The amount of the exemption is the same provided by the Internal Revenue Code for dependent children for the applicable year. By claiming the exemption, the taxpayer consents to the release of a physician's statement providing proof of pregnancy."
SECTION 2. This act takes effect upon approval by the Governor and applies for taxable years beginning after 2002.
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