South Carolina General Assembly
105th Session, 1983-1984

Bill 25

                    Current Status

Bill Number:               25
Ratification Number:       265
Act Number:                259
Introducing Body:          Senate
Subject:                   Relating to deductions which are
                           allowable in computing net income for state
                           income tax purposes
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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A259, R265, S25)

AN ACT TO AMEND SECTION 12-7-700, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEDUCTIONS WHICH ARE ALLOWABLE IN COMPUTING NET INCOME FOR STATE INCOME TAX PURPOSES, SO AS TO PROVIDE FOR A TAX DEDUCTION OF FOURTEEN CENTS PER MILE FOR TRAVEL EXPENSES FOR VOLUNTEER SERVICES FOR A CHARITABLE ORGANIZATION.

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

Income tax deduction

SECTION 1. Section 12-7-700 of the 1976 Code, as last amended by Section 29, Part II of Act 151 of 1983, is further amended by adding an appropriately numbered item to read:

"( ) Travel expenses for volunteer services for a charitable organization at the rate of fourteen cents per mile."

Time effective

SECTION 2. This act shall take effect upon approval by the Governor.