Budget & Taxes (Tax Credits)

in committee · South Carolina · House Apr 9, 2025

H 3943: Disabled Veterans Income Tax Credit

This bill creates a South Carolina income tax credit for disabled veterans. It allows veterans with a U.S. Department of Veterans Affairs disability rating to reduce their state income tax liability by a percentage equal to their disability rating (e.g., a 50% rating would reduce tax by 50% of their tax bill), capped at $5,000 annually. Veterans must provide documentation to claim the credit, which is nonrefundable (it reduces tax owed but doesn’t create a refund). The credit applies to tax years beginning after 2024 and directly affects South Carolina veterans with VA disability ratings.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing liability for disabled veterans, aligning with tax relief for lower-income groups under Budget & Taxes policy95% confidence ✓ VeteransSupports VeteransCreates tax credit reducing disability veterans' state tax burden, directly expanding financial benefits for this group.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · South Carolina · House Jan 14, 2025

H 3466: Income tax credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "SOUTH CAROLINA COMMUNITY JOBS ACT" BY ADDING SECTION 12-6-3830 SO AS TO PROVIDE AN INCOME TAX CREDIT FOR AN ELIGIBLE EMPLOYER THAT HIRES CERTAIN EMPLOYEES.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides employer tax credit, reducing tax liability and incentivizing hiring under a job creation act.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · South Carolina · House Jan 28, 2025

H 3811: Education tax credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3830 SO AS TO PROVIDE FOR AN INCOME TAX CREDIT FOR CERTAIN TAXPAYERS WHO HAVE A CHILD WHO ATTENDS A QUALIFYING PRIVATE SCHOOL, PAROCHIAL SCHOOL, OR HOME SCHOOL.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides income tax credit for private/home school families, reducing tax burden and aligning with tax relief indicators under Budget & Taxes.90% confidence ✓ EducationSupports EducationProvides tax credit for private/parochial/home schooling, expanding educational access options for families within K-12 education framework.95% confidence

Sub-Topics Income Tax Tax Credits School Choice

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in committee · South Carolina · House Feb 5, 2025

H 3465: Food desert tax credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3830 SO AS TO PROVIDE FOR AN INCOME TAX CREDIT FOR A GROCER WHO OPENS A NEW LOCATION IN A FOOD DESERT; AND BY AMENDING SECTION 12-36-2120, RELATING TO SALES TAX EXEMPTIONS, SO AS TO PROVIDE A SALES TAX EXEMPTION FOR CERTAIN PURCHASES MADE BY A GROCER WHO OPERATES A NEW STORE LOCATED IN A FOOD DESERT.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides income tax credit and sales tax exemption for grocers in food deserts, reducing business tax burden to incentivize investment in underserved areas.95% confidence

Sub-Topics Income Tax Sales Tax Tax Credits

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in committee · South Carolina · Senate Jan 21, 2025

S 250: Long-term Care Tax Credit Act

A BILL TO 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.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 15% tax credit on long-term care insurance premiums (capped at $2k), reducing individual income tax burden as direct tax relief for taxpayers.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · South Carolina · Senate Jan 14, 2025

S 47: Childcare

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-3440, RELATING TO THE TAX CREDIT FOR EMPLOYEE CHILDCARE PROGRAMS, SO AS TO INCREASE THE MAXIMUM CREDIT AND TO ALLOW THE CREDIT TO BE APPLIED AGAINST OTHER TAXES; AND BY ADDING SECTION 12-6-3595 SO AS TO ALLOW A TAX CREDIT FOR INDIVIDUAL TAXPAYERS THAT ARE EMPLOYED FULL-TIME AS A CHILDCARE DIRECTOR OR CHILDCARE STAFF PERSON.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credits for childcare providers/staff, providing tax relief to lower/middle-income workers through expanded credits and broader tax application.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credits for employer childcare programs and childcare staff, supporting workers' access to childcare and employment stability.85% confidence

Sub-Topics Tax Credits

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in committee · South Carolina · House Jan 14, 2025

H 3328: Exceptional needs children's tax credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-3790, RELATING TO THE EDUCATIONAL CREDIT FOR EXCEPTIONAL NEEDS CHILDREN'S FUND, SO AS TO EXPAND THE DEFINITION OF "EXCEPTIONAL NEEDS CHILD" TO INCLUDE A CHILD WHO IS IN FOSTER CARE.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit eligibility for foster care children's education, providing tax relief under the tax code and funding educational support.95% confidence

Sub-Topics Tax Credits

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in committee · South Carolina · Senate Feb 4, 2025

S 306: Tuition Tax Credits

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3830 SO AS TO PROVIDE THAT A TAXPAYER WHOSE CHILD ATTENDS A QUALIFYING PRIVATE SCHOOL, PAROCHIAL SCHOOL, OR HOME SCHOOL FOR GRADES K-12 IS ENTITLED TO A TAX CREDIT.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for private/home school expenses, reducing taxable income for qualifying families, aligning with tax relief support for education costs.95% confidence ✗ EducationOpposes EducationProvides tax credits for private/parochial/home schooling, diverting public funds away from K-12 public education systems and reducing direct support for public schools.85% confidence

Sub-Topics Tax Credits Higher Education K-12 Education School Choice

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