S0250: Long-term Care Tax Credit Act
Legislative Summary
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.
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