SC S0122 | 2021-2022 | 124th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 12 2021 - 25% progression, died in committee
Action: 2021-01-12 - Referred to Committee on Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 12 2021 - 25% progression, died in committee
Action: 2021-01-12 - Referred to Committee on Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amend Section 12-6-3515, Code Of Laws Of South Carolina, 1976, Relating To The State Income Tax Credit For Conservation Or A Qualified Conservation Contribution Of Real Property, So As To Provide That The Credit Equals Twenty-five Percent Of The Total Value Of The Gift Rather Than Twenty-five Percent Of The Charitable Deduction For The Gift Allowed On The Taxpayer's Federal Income Tax Return, To Increase The Maximum Annual Credit Allowed A Taxpayer From Fifty-two Thousand, Five Hundred Dollars To One Hundred Fifty Thousand Dollars, To Adjust The Maximum Annual Credit For Increases In The Consumer Price Index, And To Delete Obsolete Provisions.
Title
Income tax credit for conservation
Sponsors
History
Date | Chamber | Action |
---|---|---|
2021-01-12 | Senate | Referred to Committee on Finance |
2021-01-12 | Senate | Introduced and read first time |
2020-12-09 | Senate | Referred to Committee on Finance |
2020-12-09 | Senate | Prefiled |
Code Citations
South Carolina State Sources
Type | Source |
---|---|
Summary | https://www.scstatehouse.gov/billsearch.php?billnumbers=0122&session=124&summary=B |
Text | https://www.scstatehouse.gov/sess124_2021-2022/prever/122_20201209.htm |