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 rendered 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, limited by the Medicare Economic Index or other relevant data on uncompensated care.

Additionally, the bill sets specific limits on the deduction amount, capping it at ten percent of the physician's gross income from providing services or a maximum of $10,000 for those without such income. It also stipulates that services cannot be considered qualified charity care 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