SC H3532 | 2009-2010 | 118th General Assembly
Status
Sponsorship: Moderate Partisan Bill (Republican 24-6)
Status: Introduced on February 12 2009 - 25% progression, died in committee
Action: 2009-02-12 - Referred to Committee on Ways and Means HJ-17
Pending: House Ways and Means Committee
Status: Introduced on February 12 2009 - 25% progression, died in committee
Action: 2009-02-12 - Referred to Committee on Ways and Means HJ-17
Pending: House Ways and Means Committee
Summary
A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-6-3395 ENACTING THE "LONG-TERM CARE INCOME TAX CREDIT ACT" BY ALLOWING A STATE INDIVIDUAL INCOME TAX CREDIT OF TWENTY-FIVE PERCENT OF THE TOTAL AMOUNT OF PREMIUMS PAID BY A TAXPAYER PURSUANT TO A LONG-TERM CARE INSURANCE CONTRACT, UP TO ONE THOUSAND DOLLARS FOR EACH TAXABLE YEAR FOR EACH CONTRACT, TO PROHIBIT A DOUBLE BENEFIT, AND TO MAKE THIS CREDIT RETROACTIVE FOR TAXABLE YEARS BEGINNING AFTER 2007.
Title
By Adding Section 12-6-3395 Enacting The "long-term Care Income Tax Credit Act" By Allowing A State Individual Income Tax Credit Of Twenty-five Percent Of The Total Amount Of Premiums Paid By A Taxpayer Pursuant To A Long-term Care Insurance Contract, Up To One Thousand Dollars For Each Taxable Year For Each Contract, To Prohibit A Double Benefit, And To Make This Credit Retroactive For Taxable Years Beginning After 2007.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2009-02-12 | Referred to Committee on Ways and Means HJ-17 | |
| 2009-02-12 | Introduced and read first time HJ-16 |
Code Citations
South Carolina State Sources
| Type | Source |
|---|---|
| Summary | https://www.scstatehouse.gov/cgi-bin/web_bh10.exe?bill1=3532&session=118 |
