H 3926 General Bill, By Taylor, Altman, Davenport and Rice
Summary: Education Tax Deduction Act
    A BILL TO ENACT THE "SOUTH CAROLINA EDUCATION TAX DEDUCTION ACT" BY ADDING CHAPTER 18 TO TITLE 12, CODE OF LAWS OF SOUTH CAROLINA, 1976, SO AS TO PROVIDE A TAX DEDUCTION FOR EACH STUDENT WHO TRANSFERS TO AN INDEPENDENT SCHOOL OR FOR HOME SCHOOLING A STUDENT, AND TO PROVIDE FOR REPORTING AND ACCOUNTABILITY OF THE IMPLEMENTATION OF THIS CHAPTER; AND TO AMEND SECTION 12-6-1140, AS AMENDED, RELATING TO DEDUCTIONS FROM INDIVIDUAL TAXABLE INCOME, SO AS TO PROVIDE FOR A DEDUCTION FOR EACH STUDENT WHO TRANSFERS TO AN INDEPENDENT SCHOOL OR FOR HOME SCHOOLING A STUDENT AND PROVIDE FOR THE CALCULATION OF THE AMOUNT OF THE DEDUCTION.
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04/13/05	House	Introduced and read first time HJ-60
04/13/05	House	Referred to Committee on Ways and Means HJ-60