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S 1062 - Raises the maximum amount of the credit for excess premium paid for property and casualty insurance

Tracking Level: Of Interest
Sponsor: George Campsen (R)
Last Action: 2/15/2024 - Senate - Referred to Committee on Finance
Senate Committee:
Assigned To:
General GovernanceNext Bill

Staff Analysis of the Legislation
Summary of the bill as introduced: Raises the maximum amount of the credit for excess premium paid for property and casualty insurance from $1,250 to $1,900. 

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Session 125 - (2023-2024)Printer Friendly
(pdf format)
S 1062 General Bill, By Campsen
Summary: Excess Insurance Premium Tax Credit
    A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-3670, RELATING TO THE CREDIT FOR EXCESS PREMIUM PAID FOR PROPERTY AND CASUALTY INSURANCE, SO AS TO RAISE THE MAXIMUM AMOUNT OF THE CREDIT ALLOWED FOR A TAX YEAR FROM ONE THOUSAND TWO HUNDRED FIFTY DOLLARS TO ONE THOUSAND NINE HUNDRED DOLLARS.
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02/15/24Senate Introduced and read first time (Senate Journal-page 4)
02/15/24Senate Referred to Committee on Finance (Senate Journal-page 4)


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