South Carolina General Assembly
105th Session, 1983-1984

Bill 2753

                    Current Status

Bill Number:               2753
Ratification Number:       299
Act Number:                283
Introducing Body:          House
Subject:                   Relating to the tax on powers of
                           attorney
View additional legislative information at the LPITS web site.

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A283, R299, H2753)

AN ACT TO AMEND SECTION 12-21-390, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE TAX ON POWERS OF ATTORNEY, SO AS TO PROVIDE THAT THIS TAX MAY NOT BE IMPOSED ON ANY POWER OF ATTORNEY GIVEN TO THE SOUTH CAROLINA TAX COMMISSION.

Be it enacted by the General Assembly of the State of South Carolina:

Tax on powers of attorney

SECTION 1. Section 12-21-390 of the 1976 Code is amended to read:

"Section 12-21-390. A power of attorney granting authority to do or perform some act for or in behalf of the grantor, which authority is not otherwise vested in the grantee, must be taxed fifty cents; provided, that this tax may not be imposed on any power of attorney given to the South Carolina Tax Commission."

Time effective

SECTION 2. This act shall take effect upon approval by the Governor.