Bill 3608

                    Current Status

Bill Number:                       3608
Type of Legislation:               General Bill GB
Introducing Body:                  House
Introduced Date:                   19970306
Primary Sponsor:                   Easterday
All Sponsors:                      Easterday, McMaster, F. Smith,
                                   Young-Brickell, Altman, Cave,
                                   Stille, R. Smith, Simrill, Askins,
                                   Lloyd, Kelley, Seithel, Rice,
                                   Cooper, Govan, Cato, Edge, McMahand,
                                   Stoddard, Sandifer, Haskins,
                                   Wilkins, Harrison, Loftis, Sharpe,
                                   Hamilton, Trotter, Keegan, Beck,
                                   Witherspoon, Phillips, Law,
                                   Littlejohn, Barfield, Davenport,
                                   Riser, Barrett, Rodgers, Campsen,
                                   Limehouse, Felder, McCraw, Bauer,
                                   Byrd, McLeod, Whatley, Delleney,
                                   Baxley, Harrell, Tripp, Vaughn,
                                   Mason, Limbaugh, Lanford, McKay,
                                   Townsend, T. Brown, Wilder, Leach,
                                   D. Smith, Moody-Lawrence and
                                   Inabinett 
Drafted Document Number:           dka\4165htc.97
Companion Bill Number:             590
Residing Body:                     Senate
Current Committee:                 Finance Committee 06 SF
Date of Last Amendment:            19970429
Subject:                           Income tax deductions, health
                                   insurance premiums, self-employed
                                   persons; Taxation, medical and
                                   health insurance

Body    Date      Action Description                       Com     Leg Involved
______  ________  _______________________________________  _______ ____________
Senate  19970501  Introduced, read first time,             06 SF
                  referred to Committee
House   19970430  Read third time, sent to Senate
House   19970429  Amended, read second time
House   19970424  Committee report: Favorable with         30 HWM
                  amendment
House   19970306  Introduced, read first time,             30 HWM
                  referred to Committee

AMENDED

April 29, 1997

H. 3608

Introduced by Reps. Easterday, McMaster, F. Smith, Young-Brickell, Altman, Cave, Stille, R. Smith, Simrill, Askins, Lloyd, Kelley, Seithel, Rice, Cooper, Govan, Cato, Edge, McMahand, Stoddard, Sandifer, Haskins, Wilkins, Harrison, Loftis, Sharpe, Hamilton, Trotter, Keegan, Beck, Witherspoon, Phillips, Law, Littlejohn, Barfield, Davenport, Riser, Barrett, Rodgers, Campsen, Limehouse, Felder, McCraw, Bauer, Byrd, McLeod, Whatley, Delleney, Baxley, Harrell, Tripp, Vaughn, Mason, Limbaugh, Lanford, McKay, Townsend, T. Brown, Wilder, Leach, D. Smith, Moody-Lawrence and Inabinett

S. Printed 4/29/97--H.

Read the first time March 6, 1997.

TO AMEND SECTION 12-6-1140, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEDUCTIONS ALLOWED FROM SOUTH CAROLINA TAXABLE INCOME OF INDIVIDUALS FOR PURPOSES OF THE SOUTH CAROLINA INCOME TAX ACT, SO AS TO ALLOW A DEDUCTION FOR AMOUNTS PAID FOR HEALTH INSURANCE PREMIUMS BY SELF-EMPLOYED PERSONS TO THE EXTENT THAT THE COST OF THESE PREMIUMS WAS NOT DEDUCTED ON THE TAXPAYER'S FEDERAL INCOME TAX RETURN.

Amend Title To Conform

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 Act 145 of 1995, is further amended by adding an appropriately numbered item at the end to read:

"( ) the portion of premiums not deductible pursuant to Internal Revenue Code Section 162(l) because the 'applicable percentage' as defined in that section is less than one hundred percent."

SECTION 2. Upon approval by the Governor, this act is effective for taxable years beginning after 1997.