Bill Text: SC S0519 | 2023-2024 | 125th General Assembly | Introduced

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Bill Title: Income tax credit

Spectrum: Partisan Bill (Republican 3-0)

Status: (Introduced - Dead) 2023-02-09 - Referred to Committee on Finance [S0519 Detail]

Download: South_Carolina-2023-S0519-Introduced.html

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South Carolina General Assembly
125th Session, 2023-2024

Bill 519

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Indicates Matter Stricken
Indicates New Matter

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

A bill

TO AMEND THE SOUTH CAROLINA CODE OF LAWS SO AS TO ENACT THE "TAX CREDITS FOR PARENTAL CHOICE IN EDUCATION ACT"; AND BY ADDING SECTION 12-6-3810 SO AS TO PROVIDE FOR AN INCOME TAX CREDIT FOR AN INDIVIDUAL WHO CHOOSES TO EDUCATE HIS CHILD OUTSIDE THE PUBLIC SCHOOL SYSTEM.

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

SECTION 1.   This act may be cited as the "Tax Credits for Parental Choice in Education Act".

SECTION 2.   Article 25, Chapter 6, Title 12 of the S.C. Code is amended by adding:

   Section 12-6-3810. An individual who chooses to educate his child outside the public school system is allowed a refundable income tax credit equal to three thousand dollars for each child. The department shall include a line item on the individual income tax form to include the tax credit allowed by this section. The child of an individual claiming the credit must meet all private school or home school standards as required by law. The credit must be claimed by means of a form prescribed by the department containing that information required by the department for the accurate and efficient administration of this credit.

SECTION 3.   This act takes effect upon approval by the Governor and first applies to income tax years after 2022.

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This web page was last updated on February 09, 2023 at 11:33 AM