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H. 4039
STATUS INFORMATION
General Bill
Sponsors: Rep. Talley
Document Path: l:\council\bills\ggs\22865ssp07.doc
Companion/Similar bill(s): 4720
Introduced in the House on May 8, 2007
Currently residing in the House Committee on Ways and Means
Summary: Income deductions
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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5/8/2007 House Introduced and read first time HJ-10
5/8/2007 House Referred to Committee on Ways and Means HJ-10
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AMEND SECTION 12-6-1140, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEDUCTIONS FROM INDIVIDUAL TAXABLE INCOME, SO AS TO ALLOW A DEDUCTION FOR A VOLUNTEER LAW ENFORCEMENT CHAPLAIN IN AN AMOUNT NOT TO EXCEED THE LESSER OF THE BOARD OF ECONOMIC ADVISORS' CERTIFIED ESTIMATE REQUIRED PURSUANT TO THIS SECTION OR THREE THOUSAND DOLLARS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-6-1140(10) of the 1976 Code, as last amended by Act 242 of 2006, is further amended to read:
"(10) a deduction calculated as provided in this item for a volunteer firefighter, rescue squad member, volunteer member of a Hazardous Materials (HAZMAT) Response Team, reserve police officer, Department of Natural Resources deputy enforcement officer, or member of the State Guard not otherwise eligible for this exemption, or volunteer law enforcement chaplain. An individual may receive only one deduction pursuant to this item. The Board of Economic Advisors annually shall estimate a maximum deduction that may be permitted under this section for a taxable year based on an individual income tax revenue loss of three million one hundred thousand dollars attributable to this deduction and shall certify that maximum deduction to the Department of Revenue and for the applicable taxable year, the maximum deduction amount must not exceed the lesser of the certified estimate or three thousand dollars. Only a volunteer earning a minimum number of points pursuant to Section 23-9-190 is eligible for this deduction. In the case of a reserve police officer and in lieu of minimum points determining eligibility, this deduction is allowed only if the reserve police officer's coordinator-supervisor certifies in writing to the officer that the officer met all requirements of Chapter 28, Title 23 applicable to a reserve police officer for the entire taxable year. In the case of a Department of Natural Resources deputy enforcement officer and in lieu of minimum points determining eligibility, this deduction is allowed only if the deputy enforcement officer's supervisor certifies in writing to the officer that the officer met all requirements of Section 50-3-315 for the entire taxable year. In the case of a member of the State Guard and in lieu of minimum points determining eligibility, this deduction is allowed only if the State Guard member completes a minimum of sixteen hours of training or drill each month, equating to one hundred ninety-two hours a year, and the member's commanding officer certifies in writing to the member that the member met these requirements. In the case of a volunteer law enforcement chaplain, and in lieu of minimum points determining eligibility, this deduction is allowed only if the volunteer law enforcement chaplain's coordinator-supervisor certifies in writing to the chaplain that the chaplain met all South Carolina Law Enforcement Division policy requirements applicable to a volunteer law enforcement chaplain for the entire taxable year. These certifications must be on a form approved by the Department of Revenue that must be filed with the officer's or member's tax return for the exemption to be claimed."
SECTION 2. This act takes effect upon approval by the Governor and applies to taxable years beginning after 2006.
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