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H. 3891
STATUS INFORMATION
General Bill
Sponsors: Rep. Murray
Document Path: l:\council\bills\bh\7410sa21.docx
Introduced in the House on February 16, 2021
Currently residing in the House Committee on Ways and Means
Summary: Income tax credit
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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2/16/2021 House Introduced and read first time (House Journal-page 3)
2/16/2021 House Referred to Committee on Ways and Means
(House Journal-page 3)
View the latest legislative information at the website
VERSIONS OF THIS BILL
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-6-3810 SO AS TO PROVIDE AN INCOME TAX CREDIT FOR CERTAIN BROADBAND SERVICE PROVIDERS THAT PROVIDE A DISCOUNT TO FAMILIES WITH CHILDREN WHO REQUIRE INTERNET ACCESS FOR EDUCATIONAL PURPOSES OR VETERANS.
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 12-6-3810. (A) A broadband service provider in this State that provides a discount to families with children who require Internet access for educational purposes or veterans is allowed a credit against the tax imposed pursuant to Section 12-6-510 in an amount equal to the discounts given in the tax year.
(B) If the credit allowed under this section exceeds the state income tax liability for the taxable year, any unused credit may be carried forward for five succeeding taxable years."
SECTION 2. This act takes effect upon approval by the Governor and applies to income tax years after 2020.
This web page was last updated on
February 17, 2021 at 9:04 AM