1985-1986 Bill 778: To allow a nonrefundable state income tax credit of twenty percent, not to exceed three hundred dollars, for expenses paid by the taxpayer to an institution providing skilled or intermediate care

South Carolina General Assembly
106th Session, 1985-1986

Bill 778

                    Current Status

Bill Number:               778
Ratification Number:       528
Act Number:                472
Introducing Body:          Senate
Subject:                   To allow a nonrefundable state income tax
                           credit of twenty percent, not to exceed three
                           hundred dollars, for expenses paid by the
                           taxpayer to an institution providing skilled
                           or intermediate care

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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A472, R528, S778)

AN ACT TO ALLOW A NONREFUNDABLE STATE INCOME TAX CREDIT OF TWENTY PERCENT, NOT TO EXCEED THREE HUNDRED DOLLARS, FOR EXPENSES PAID BY THE TAXPAYER TO AN INSTITUTION PROVIDING SKILLED OR INTERMEDIATE CARE.

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

Credit

SECTION 1. For South Carolina income tax purposes, an individual taxpayer is allowed a credit against the tax due of twenty percent, not to exceed three hundred dollars, of the expenses paid by the taxpayer for his own support or the support of another to an institution providing skilled or intermediate care. No credit is allowed for expenses paid from public source funds. This credit is nonrefundable.

Provisions effective

SECTION 2. The provisions of this act are effective for taxable years beginning after December 31, 1985.

Time effective

SECTION 3. This act shall take effect upon approval by the Governor.