S*0778(Rat #0528, Act #0472 of 1986)  General Bill, By W.W. Doar, I.E. Lourie and 
P.B. McLeod

Similar(H 3218)
 A Bill to allow a nonrefundable state income tax credit of twenty percent, not
 to exceed three hundred dollars, for expenses paid by the taxpayer to an
 institution providing skilled or intermediate care.-amended title

   12/16/85  Senate Prefiled
   12/16/85  Senate Referred to Committee on Finance
   01/14/86  Senate Introduced and read first time SJ-70
   01/14/86  Senate Referred to Committee on Finance SJ-70
   03/12/86  Senate Committee report: Favorable Finance SJ-1003
   04/09/86  Senate Amended SJ-1545
   04/09/86  Senate Read second time SJ-1545
   04/09/86  Senate Ordered to third reading with notice of
                     amendments SJ-1545
   04/24/86  Senate Read third time and sent to House SJ-2265
   04/29/86  House  Introduced and read first time HJ-2636
   04/29/86  House  Referred to Committee on Ways and Means HJ-2636
   05/27/86  House  Committee report: Favorable Ways and Means HJ-3352
   05/29/86  House  Read second time HJ-3497
   05/30/86  House  Read third time and enrolled HJ-3538
   06/04/86         Ratified R 528
   06/05/86         Signed By Governor
   06/05/86         Effective date 12/31/85
   06/05/86         Act No. 472
   06/05/86          Effective for taxable years beginning after 12/31/85
   06/12/86         Copies available

AN ACT TO ALLOW A NONREFUNDABLE STATE INCOME TAX CREDIT OF TWENTY PERCENT, NOT TO EXCEED THREE HUNDRED DOLLARS, FOR EXPENSES PAID BY THE TAXPAYER TO AN INSTITUTION PROVIDING SKILLED OR INTERMEDIATE CARE.

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

Credit

SECTION 1. For South Carolina income tax purposes, an individual taxpayer is allowed a credit against the tax due of twenty percent, not to exceed three hundred dollars, of the expenses paid by the taxpayer for his own support or the support of another to an institution providing skilled or intermediate care. No credit is allowed for expenses paid from public source funds. This credit is nonrefundable.

Provisions effective

SECTION 2. The provisions of this act are effective for taxable years beginning after December 31, 1985.

Time effective

SECTION 3. This act shall take effect upon approval by the Governor.