The bill H. 4167 proposes an amendment to Section 12-6-1140 of the South Carolina Code of Laws, specifically regarding income tax deductions. It introduces a new provision that allows taxpayers to deduct twenty percent of medical expenses incurred on behalf of another person for the treatment or care of Alzheimer's disease or other forms of dementia. This deduction encompasses various types of care, including in-home treatment, inpatient care centers, and hospice care, provided that such hospice care is not covered by insurance or Medicare.

Additionally, the bill mandates that the South Carolina Department of Revenue will establish rules necessary for the implementation of this deduction. The act is set to take effect upon approval by the Governor and will apply to tax years beginning after 2024.

Statutes affected:
03/06/2025: 12-6-1140
Latest Version: 12-6-1140