Current Status Introducing Body:House Bill Number:3757 Primary Sponsor:Moody-Lawrence Committee Number:30 Type of Legislation:GB Subject:Income tax deductions, health insurance premiums Residing Body:House Current Committee:Ways and Means Computer Document Number:436/11135AC.93 Introduced Date:19930323 Last History Body:House Last History Date:19930323 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Moody-Lawrence G. Brown Harwell Cobb-Hunter Scott Holt Barber Snow McLeod Whipper Beatty Stuart Breeland Littlejohn Harvin Hines Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved
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3757 House 19930323 Introduced, read first time, 30
referred to Committee
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TO AMEND SECTION 12-7-435, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEDUCTIONS FROM TAXABLE INCOME, SO AS TO INCLUDE AS A DEDUCTION PAYMENTS FOR HEALTH INSURANCE PREMIUMS FOR PUBLIC SCHOOL TEACHERS WHO RETIRED BEFORE 1970.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-7-435 of the 1976 Code, as last amended by Act 171 of 1991, is further amended by adding an appropriately numbered item to read:
"( ) A South Carolina public school teacher who retired before 1970 may deduct payments for health insurance premiums to the extent the premiums are not deductible for federal income tax purposes."
SECTION 2. This act applies to taxable years beginning after 1993.
SECTION 3. This act takes effect upon approval by the Governor.