Download This Version in Microsoft Word format
TO AMEND SECTION 12-6-1140, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEDUCTIONS IN COMPUTING INDIVIDUAL TAXABLE INCOME, SO AS TO PROVIDE A DEDUCTION FOR THE MILES TRAVELED BY A TAXPAYER COMMUTING BY MEANS OF BICYCLING BETWEEN THE TAXPAYER'S PLACE OF RESIDENCE AND PLACE OF EMPLOYMENT, THE AMOUNT OF WHICH DEDUCTION SHALL BE EQUAL TO TEN CENTS PER MILE TRAVELED.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-6-1140 of the 1976 Code, as last amended by Act 278 of 2004, is further amended by adding a new item to read:
"( ) a deduction for the miles traveled by the taxpayer during the taxable year commuting by means of bicycling between the taxpayer's place of residence and place of employment, the amount of which deduction shall be equal to ten cents per mile traveled.
The taxpayer shall maintain suitable records of the dates of commuting and the miles traveled and upon request a report of those records for the taxable year must be provided to the Department of Revenue by the taxpayer in a manner the department may prescribe;"
SECTION 2. This act takes effect upon approval by the Governor and applies to taxable years beginning after December 31, 2004.
This web page was last updated on Tuesday, June 23, 2009 at 2:32 P.M.