Long-term Care Tax Credit Act

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.

Source: OpenStates · fetched January 21, 2025