SC S0250 | 2025-2026 | 126th General Assembly
Status
Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on January 21 2025 - 25% progression
Action: 2025-01-21 - Referred to Committee on Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 21 2025 - 25% progression
Action: 2025-01-21 - Referred to Committee on Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amend The South Carolina Code Of Laws By Enacting The "long-term Care Tax Credit Act" By Adding Section 12-6-3395 So As To Allow A State Individual Income Tax Credit Of Fifteen Percent Of The Total Amount Of Premiums Paid By A Taxpayer Pursuant To A Long-term Care Insurance Contract, Not To Exceed Two Thousand Dollars In A Taxable Year For Each Individual, And To Prohibit A Double Benefit.
Title
Long-term Care Tax Credit Act
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-21 | Senate | Referred to Committee on Finance |
| 2025-01-21 | Senate | Introduced and read first time |
Code Citations
South Carolina State Sources
| Type | Source |
|---|---|
| Summary | https://www.scstatehouse.gov/billsearch.php?billnumbers=0250&session=126&summary=B |
| Text | https://www.scstatehouse.gov/sess126_2025-2026/prever/250_20250121.htm |
