H 4299

  • South Carolina House Bill
  • 2025-2026 Regular Session
  • Introduced in House Apr 03, 2025
  • House
  • Senate
  • Governor

Insurance Savings Program

Abstract

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING ARTICLE 7 TO CHAPTER 5, TITLE 11 SO AS TO ESTABLISH THE "INSURANCE SAVINGS PROGRAM," TO EMPOWER INDIVIDUALS TO SAVE PRIVATE FUNDS TO PAY INSURANCE POLICY DEDUCTIBLES ON REAL PROPERTY, AND TO MAKE RENOVATIONS TO REAL PROPERTY THAT MAKE THE PROPERTY MORE INSURABLE SO AS TO REDUCE INSURANCE POLICY PREMIUMS AND DEDUCTIBLES; AND BY AMENDING SECTION 12-6-1140, RELATING TO DEDUCTIONS FROM INDIVIDUAL TAXABLE INCOME, SO AS TO DEDUCT AMOUNTS DEPOSITED INTO THE INSURANCE SAVINGS PROGRAM AND ANY EARNINGS THEREON.

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Apr 03, 2025

House

Introduced and read first time

House

Referred to Committee on Labor, Commerce and Industry

Bill Text

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04/03/2025 HTML
Filed VND.OPENXMLFORMATS-OFFICEDOCUMENT.WORDPROCESSINGML.DOCUMENT HTML

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