The bill, titled the "Tax Credits for Parental Choice in Education Act," proposes an amendment to the South Carolina Code of Laws by adding Section 12-6-3830. This new section allows individuals who choose to educate their children outside the public school system to receive a refundable income tax credit of up to three thousand dollars for each child. To qualify for the credit, the child must meet all private school or home school standards as mandated by law. The South Carolina Department of Revenue is tasked with including a line item for this tax credit on individual income tax forms and providing a prescribed form for claiming the credit.

The act is set to take effect upon approval by the Governor and will first apply to income tax years following 2024. This initiative aims to support parental choice in education by providing financial relief to families opting for private or home schooling.

Statutes affected:
12/11/2024: 12-6-3830
Latest Version: 12-6-3830