Current Status Bill Number:
1181Type of Legislation: General Bill GBIntroducing Body: SenateIntroduced Date: 19960227Primary Sponsor: WilsonAll Sponsors: WilsonDrafted Document Number: dka\3542cm.96Residing Body: SenateCurrent Committee: Finance Committee 06 SFSubject: Documentary stamp tax, real estate transfers
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ Senate 19960227 Introduced, read first time, 06 SF referred to CommitteeView additional legislative information at the LPITS web site.
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-21-385 SO AS TO EXEMPT FROM THE DOCUMENTARY STAMP TAX REAL ESTATE TRANSFERS MADE PURSUANT TO AN ORDER OF THE FAMILY COURT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 3, Chapter 21, Title 12 of the 1976 Code is amended by adding:
"Section 12-21-385. Deeds transferring real estate to a spouse or former spouse pursuant to an order of the family court are exempt from the tax imposed pursuant to Section 12-21-380. A clerk of court or register of mesne conveyances may record these deeds without revenue stamps affixed and without penalty."
SECTION 2. This act takes effect on the first day of the third month following approval by the Governor and applies with respect to deeds recorded on or after that date.