Senate bill 969 TAX incentive legislation

Senate bill 969
TAX incentive legislation

Fact Sheet: 2024

Background
Senate Bill 969 is the result of a preceptor tax incentive initiative which was previously initiated by the Coalition for Increased Access to Care (CIAPC), and comprised of South Carolina public universities. This bill successfully passed during the 2024 legislative session and was signed into law by Governor McMaster July, 2024. We are so pleased our state has recognized the critical role you play in training the future clinicians in our state who can ultimately serve to help address the primary care access shortages and associated health rankings in South Carolina.  We thank our legislators, lobbyists, and others who added to our efforts.

The following pdf link provides a high-level overview of the legislation. We strongly encourage you to access a copy of the legislation and the guidance provided by the Department of Revenue as well as consult with your personal tax accountant, as appropriate, to best understand how it applies to your personal situation.

https://www.scnurses.org/resource/resmgr/legislation/Tax_Credit_2024.pdf

Link to Bill

https://www.scstatehouse.gov/query.php?search=DOC&searchtext=969.&category=LEGISLATION&session=125&conid=44589102&result_pos=0&keyval=1250969&numrows=10