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Current Status Bill Number:View additional legislative information at the LPITS web site.4299 Type of Legislation:General Bill GB Introducing Body:House Introduced Date:20000111 Primary Sponsor:T. Brown All Sponsors:T. Brown, Lloyd, Altman, W. McLeod, Seithel Drafted Document Number:l:\council\bills\bbm\9045htc00.doc Residing Body:House Current Committee:Ways and Means Committee 30 HWM Subject:Long term care insurance premiums, income tax deduction for; Aging, Residential Care Facilities, Taxation History Body Date Action Description Com Leg Involved ______ ________ ______________________________________ _______ ____________ House 20000317 Co-Sponsor added (Rule 5.2) by Rep. Seithel House 20000113 Co-Sponsor added (Rule 5.2) by Rep. W. McLeod House 20000111 Introduced, read first time, 30 HWM referred to Committee House 19991117 Prefiled, referred to Committee 30 HWM Versions of This Bill
TO AMEND SECTION 12-6-1140, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEDUCTIONS FROM THE TAXABLE INCOME OF AN INDIVIDUAL FOR PURPOSES OF THE SOUTH CAROLINA INCOME TAX ACT, SO AS TO ALLOW A DEDUCTION FOR INSURANCE PREMIUMS PAID BY THE TAXPAYER FOR LONG TERM CARE INSURANCE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-6-1140 of the 1976 Code, as last amended by Part II, Section 23, Act 100 of 1999, is further amended by adding an appropriately numbered item at the end to read:
"( ) long term care insurance premiums paid by the taxpayer, not including any amount of such premiums deducted on the taxpayer's federal income tax return or on the taxpayer's state income tax return pursuant to item (8) of this section."
SECTION 2. Upon approval by the Governor, this act is effective for taxable years beginning after 1999.
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