Bill Text: SC S0064 | 2011-2012 | 119th General Assembly | Introduced

South Carolina Senate Bill 64 (Prior Session Legislation)

Introduced

Bill Title: State income tax credit

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2011-01-11 - Referred to Committee on Finance [S0064 Detail]

Download: South_Carolina-2011-S0064-Introduced.html

A BILL

TO AMEND SECTION 12-6-3385 OF THE 1976 CODE, RELATING TO REFUNDABLE STATE INCOME TAX CREDITS, TO PROVIDE THAT A STUDENT IS DEFINED AS A PERSON WHO HAS COMPLETED AT LEAST TWENTY-FOUR CREDIT HOURS.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1. Section 12-6-3385(B)(3)(b) of the 1976 Code is amended to read:

"(b) who at the end of the taxable year for which the credit is claimed has completed at least ~~thirty~~ twenty-four credit hours each year, or its equivalent, as determined by the Commission on Higher Education, and who is admitted, enrolled, and classified as a degree seeking undergraduate or enrolled in a certificate or diploma program of at least one year;"

SECTION 2. This act takes effect upon approval by the Governor.