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Bill 1059

                    Current Status

Bill Number:                      1059
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  20000120
Primary Sponsor:                  Rankin
All Sponsors:                     Rankin
Drafted Document Number:          l:\s-res\lar\014501(.dmb.doc
Residing Body:                    Senate
Current Committee:                Finance Committee 06 SF
Subject:                          Deed recording fee, exemption allowed 
                                  when transferred to churches and charitable 
                                  organizations, Property


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
Senate  20000120  Introduced, read first time,           06 SF
                  referred to Committee


              Versions of This Bill

TO AMEND SECTION 12-24-40, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEEDS EXEMPT FROM THE RECORDING FEE, SO AS TO EXEMPT DEEDS TRANSFERRED TO CHURCHES AND CHARITABLE TRUST ORGANIZATIONS INCLUDING OTHER CHARITABLE ORGANIZATIONS AS DEFINED IN SECTION 33-56-20.

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

SECTION 1. Section 12-24-40 of the 1976 Code is amended by adding:

"(14) transferring realty to an organization that is exempt from taxation pursuant to Section 12-37-220(3), (4) or (31) or that is charitable organization as defined in Section 33-56-20."

SECTION 2. This act takes effect upon approval by the Governor.

This web page was last updated on Wednesday, December 9, 2009 at 9:09 A.M.