There is allowed as a deduction in computing South Carolina taxable income of an individual the following:

1. (1) a net gain deduction as provided in Section 12-6-1150;
2. (2) an additional deduction for dependents under six years of age as provided in Section 12-6-1160;
3. (3) a deduction as provided in Section 12-6-1170;
4. (4) amounts included in South Carolina gross income received for disability retirement due to permanent and total disability by a person who could qualify for the homestead exemption under Section 12-37-250 by reason of being classified as totally and permanently disabled;
5. (5) expenses incurred by taxpayers as provided in Internal Revenue Code Section 162(h) without regard to limitations in Section 162(h)(4);
6. (6) a subsistence allowance of five dollars a day for federal, state, and local law enforcement officers paid by a political subdivision of this State, the government of this State, or the federal government, for each regular work day in a taxable year and full-time firefighters and emergency medical service personnel may deduct as a subsistence allowance five dollars a day for each regular work day in a taxable year;

7. (7)

   1. (a) Two thousand dollars for each adopted special needs child who is:

      1. (i) dependent upon and receiving chief support from the taxpayer;
      2. (ii) under the age of twenty-one; and
      3. (iii) enrolled in an accredited school or college or is incapable of self-support because of mental or physical defects.

   2. (b) For purposes of this item, a special needs child is a person who is:

      1. (i) under eighteen at the time of adoption;
      2. (ii) the dependent of a public or private nonprofit adoption agency prior to the adoption;
      3. (iii) legally free for adoption; and
      4. (iv) unlikely to be adopted without assistance as determined by the South Carolina Department of Social Services because of conditions such as ethnic minority status, age, sibling group membership, medical condition, or physical, mental, or emotional handicaps.
   3. (c) The entire deduction is allowed for a taxable year even if the special needs child survives for only part of the taxable year.
8. (8) the portion of premiums not deductible pursuant to Internal Revenue Code Section 162(l) because the "applicable percentage" as defined in that section is less than one hundred percent.
9. (9) Deleted.
10. (10) three hundred dollars for taxable year 1999 and three thousand dollars for taxable year 2000 for a volunteer firefighter or rescue squad member. For taxable years after 2000, the Board of Economic Advisors annually shall estimate a maximum deduction that may be permitted under this section for a taxable year based on an individual income tax revenue loss of three million one hundred thousand dollars attributable to this deduction and shall certify that maximum deduction to the Department of Revenue and for the applicable taxable year, the maximum deduction amount must not exceed the lesser of the certified estimate or three thousand dollars. Only a volunteer earning a minimum number of points pursuant to Section 23-9-190 is eligible for this deduction.
11. (11) a contribution to the South Carolina Tuition Prepayment Program as provided in Section 59-4-100.