Bill

Bill > H3337


SC H3337

SC H3337
Aging with Dignity Tax Credit


summary

Introduced
01/14/2025
In Committee
01/14/2025
Crossed Over
Passed
Dead

Introduced Session

126th General Assembly

Bill Summary

Amend The South Carolina Code Of Laws By Enacting The "aging With Dignity Act" By Adding Section 12-6-3830 So As To Provide For An Income Tax Credit For A Taxpayer Who Is Caring For A Senior Family Member.

AI Summary

This bill introduces the "Aging with Dignity Act" to provide a $1,000 income tax credit for taxpayers who are caring for a senior family member living in their home. To qualify for the tax credit, the taxpayer must obtain a written certification from a licensed physician confirming that the senior is unable to perform at least three activities of daily living (such as bathing, dressing, eating, transferring, toileting, and maintaining continence) without substantial assistance for a minimum of six months. The purpose of this legislation appears to be to provide financial support to family members who take on the significant responsibility of caring for elderly relatives who require extensive daily care, potentially reducing the burden on formal healthcare systems and supporting family-based elder care. The tax credit would be administered by the state's tax department, which is authorized to create additional regulations to implement the provisions of this new law. The bill would take effect upon approval by the Governor of South Carolina.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Referred to Committee on Ways and Means (on 01/14/2025)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...