South Carolina General Assembly
104th Session, 1981-1982

Bill 687


                    Current Status

Bill Number:               687
Ratification Number:       529
Act Number                 424
Introducing Body:          Senate
Subject:                   To exempt rental allowances for housing
                           for ministers of the gospel
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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A424, R529, S687)

AN ACT TO AMEND SECTION 12-7-560, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO ITEMS NOT INCLUDED IN GROSS INCOME, SO AS TO EXEMPT RENTAL ALLOWANCES FOR HOUSING FOR MINISTERS OF THE GOSPEL.

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

Rental allowances exempted

Section 1. Item (5) of Section 12-7-560 of the 1976 Code is amended to read:

"(5) The rental value of a dwelling house and appurtenances thereof or a rental allowance provided to a minister of the gospel as part of his compensation as provided for in Internal Revenue Code Section 107 and applicable regulations."

Time effective

Section 2. This act shall take effect upon approval by the Governor and shall be effective for tax years beginning after December 31, 1981.