The bill S. 424 aims to amend the South Carolina Code of Laws by adding Section 12-6-1180, which establishes an income tax deduction for physicians who provide qualified charity care. The bill defines "qualified charity care" as services offered on a volunteer or pro bono basis through a qualifying arrangement with a healthcare clinic or charitable nonprofit organization that serves underserved or low-income individuals. The deduction allows physicians to claim an amount equal to what they would have charged for the services provided, with specific limitations based on the Medicare Economic Index and the physician's gross income.

Additionally, the bill stipulates that the deduction cannot exceed ten percent of the physician's gross income from providing services or $10,000 for those without income from such services. It also clarifies that services will not qualify for the deduction if the physician receives any form of reimbursement. The act will take effect upon the Governor's approval and will apply to income tax years beginning after 2024.

Statutes affected:
03/05/2025: 12-6-1180
Latest Version: 12-6-1180