Bill > H3328

This bill amends the South Carolina tax code to expand the definition of an "exceptional needs child" for the purposes of an educational tax credit to include children who are currently in foster care. Specifically, the bill modifies Section 12-6-3790 by adding a new provision that allows children in foster care to qualify for the existing Educational Credit for Exceptional Needs Children's Fund. This means that taxpayers who support foster children through educational expenses may now be eligible for a tax credit, similar to the existing credit for other exceptional needs children. The bill will take effect upon the Governor's approval and will apply to income tax years starting after 2024, providing a new financial support mechanism for families and guardians supporting foster children's educational needs.

Budget and Finance

https://www.scstatehouse.gov/billsearch.php?billnumbers=3328&session=126&summary=B