S0250Introduced in the Senate
Long-term Care Tax Credit Act
Introduced by George Campsen, District 43
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Amend The South Carolina Code Of Laws By Enacting The "long-term Care Tax Credit Act" By Adding Section 12-6-3395 So As To Allow A State Individual Income Tax Credit Of Fifteen Percent Of The Total Amount Of Premiums Paid By A Taxpayer Pursuant To A Long-term Care Insurance Contract, Not To Exceed Two Thousand Dollars In A Taxable Year For Each Individual, And To Prohibit A Double Benefit.
Where it stands
Referred to Committee on Finance
January 21, 2025
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
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Bill history
Introduced and read first time
Referred to Committee on Finance
Verify the information
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