H 4723 General Bill, By Knotts, Bailey, Bowers, Breeland, Campsen, Chellis, 
Cotty, Davenport, Howard, Kelley, Koon, Law, Lloyd, Mason, McCraw, 
Moody-Lawrence, J.H. Neal, Rice, Meacham, Riser, Rodgers, Sandifer, Scott, 
Sharpe, Simrill, R. Smith, Whatley and Young-Brickell
 A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION
 12-6-3510 SO AS TO ALLOW A TAX CREDIT AGAINST THE SOUTH CAROLINA INCOME TAX
 LIABILITY OF RESIDENT INDIVIDUALS FOR TUITION PAID TO A PUBLIC OR PRIVATE
 INSTITUTION OF HIGHER LEARNING IN THIS STATE FOR STUDENTS WHO MAINTAIN A "C"
 GRADE POINT AVERAGE.

   02/26/98  House  Introduced and read first time HJ-9
   02/26/98  House  Referred to Committee on Ways and Means HJ-9

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-6-3510 SO AS TO ALLOW A TAX CREDIT AGAINST THE SOUTH CAROLINA INCOME TAX LIABILITY OF RESIDENT INDIVIDUALS FOR TUITION PAID TO A PUBLIC OR PRIVATE INSTITUTION OF HIGHER LEARNING IN THIS STATE FOR STUDENTS WHO MAINTAIN A "C" GRADE POINT AVERAGE.

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

SECTION 1. Article 25, Chapter 6, Title 12 of the 1976 Code is amended by adding:

"Section 12-6-3510. (A) Resident individual taxpayers who pay tuition to a public or private institution of higher learning in this State for themselves are allowed an income tax credit for the applicable tuition paid, so long as they maintain a 'C' grade point average at the end of each semester, quarter, or other grading period.

(B) Resident individual taxpayers who pay tuition to a public or private institution of higher learning in this State for their children under the age of twenty-three years are allowed an income tax credit for the applicable tuition paid for those children, so long as their children maintain a 'C' grade point average at the end of each semester, quarter, or other grading period.

(C) Resident individual taxpayers who qualify for the income tax credits in subsections (A) and (B) may claim both credits.

(D) Unused credit may be carried forward for the five succeeding taxable years. The department may require appropriate documentation for claiming the credit."

SECTION 2. Upon approval by the Governor, this act is effective for taxable years beginning after 1997.