Current Status Bill Number:151 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19970114 Primary Sponsor:Rose All Sponsors:Rose Drafted Document Number:s-res\rose\res1082.mtr Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:Income tax credit allowed to physician offering services to indigents, taxation, medical
Body Date Action Description Com Leg Involved
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Senate 19970114 Introduced, read first time, 06 SF
referred to Committee
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TO AMEND CHAPTER 7, TITLE 12, CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-7-1257, SO AS TO ALLOW A STATE INCOME TAX CREDIT FOR A LICENSED PHYSICIAN WHO PROVIDES PROFESSIONAL SERVICES TO AN INDIGENT PATIENT IN AN AMOUNT EQUAL TO FIVE PERCENT OF THE AMOUNT THAT WOULD BE PAID BY THE STATE HEALTH PLAN FOR THE SERVICES PROVIDED.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 7, Title 12 of the 1976 Code is amended by adding:
"Section 12-7-1257. A licensed physician who provides professional health care services to an indigent person and who receives no payment or reimbursement from any source for the services provided is allowed a nonrefundable credit against the tax imposed pursuant to Section 12-7-210 in an amount equal to five percent of the amount that would be paid by the State Health Plan for the services provided after all deductibles and copayments have been paid. Unused credits may be carried forward for the five succeeding taxable years. The Department of Revenue and Taxation may prescribe forms and reporting requirements and promulgate regulations as necessary to implement the provisions of this section."
SECTION 2. Upon approval by the Governor, this act is effective for taxable years beginning after 1996.