Bill
H 3943
South Carolina adds a nonrefundable state income tax credit for veterans with VA disability ratings, equal to the rating percent of their SC tax liability, capped at $5,000 annually.
Note: The package of documents provided for H 3943 contains two different bill texts from different jurisdictions that appear to have been combined in the file:
Below are clear, separate summaries of each text, followed by a note on the legislative activity included in the package.
Purpose
- To establish a state income tax credit for veterans with a disability rating from the U.S. Department of Veterans Affairs (VA), reducing their state income tax liability in proportion to their disability rating.
Key provisions
- A new Section 12‑6‑3830 is added to the South Carolina Code.
- Eligible taxpayers: veterans with a disability rating issued by the U.S. Department of Veterans Affairs.
- Credit formula: nonrefundable credit equal to (disability rating percent) × (taxpayer’s state income tax liability). Example: a 30% rating would permit a credit equal to 30% of the tax liability (subject to the cap below).
- Annual cap: the credit cannot exceed $5,000 per year.
- Administration: the Department of Revenue may require documentation it considers necessary to administer the credit (e.g., VA disability rating documentation).
- Effective date: takes effect upon gubernatorial approval and first applies to tax years beginning after 2024.
Who is affected
- Primary beneficiaries: veterans with VA disability ratings who owe South Carolina individual income tax. The credit is nonrefundable, so it can reduce tax liability to zero but will not produce a refund.
- State fiscal impact: the credit will reduce state personal income tax revenue. The total revenue reduction depends on the number of qualifying veterans, their disability ratings, and tax liabilities; no fiscal estimate is provided in the text.
Practical implications
- Veterans with higher VA disability ratings and larger tax liabilities receive larger credits, up to the $5,000 limit.
- The Department of Revenue will set documentation requirements to verify eligibility.
- Because the credit is nonrefundable, it primarily benefits veterans with taxable liability; low‑income veterans with no state tax liability would not receive a refund.
Purpose
- Short amendments described as part of “An Act relative to improving elections.” The text supplied makes two narrow statutory edits.
Key provisions (literal text)
- Amends Section 31 of Chapter 51 (Mass. Gen. Laws): inserts the word “Saturday” after “on,” i.e., adds Saturday to an enumerated list of days referenced in that section.
- Amends Section 25B of Chapter 54: changes the word “seventeenth” to “tenth.”
Who is affected / likely effect
- These are textual changes to election law provisions; without the full statutory context the document supplies only the literal edits. Likely effects could include:
- Adding “Saturday” may expand or specify an additional day for an election‑related activity (e.g., voter registration, early voting, or office hours).
- Changing a deadline from the seventeenth to the tenth will move a statutory deadline earlier (e.g., candidate filing, absentee application deadlines, or other election timelines).
- Exact operational effects depend on the surrounding statutory provisions not included in the excerpt.
Note: The legislative timeline and sponsor actions in the packet appear to correspond to the Massachusetts House bill (election edits). The South Carolina tax‑credit text includes its own “filed” date and effective language but no internal legislative history in this packet. The mixed contents suggest records from two different bills/states were combined; confirm jurisdiction (South Carolina vs. Massachusetts) before relying on procedural status.
If you’d like, I can:
- Provide a plain‑language example showing how the SC credit would calculate for sample veterans at various rating levels and incomes.
- Locate the full Massachusetts statutory sections affected to explain the practical impact of adding “Saturday” and changing “seventeenth” to “tenth.”
Compiled from official sources — confirm details with the bill’s official record.
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