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A251, R314, S1348
Sponsors: Senator Campsen
Document Path: l:\s-financ\drafting\gec\001esta.dag.gec.docx
Introduced in the Senate on April 13, 2010
Introduced in the House on April 28, 2010
Last Amended on May 26, 2010
Passed by the General Assembly on June 2, 2010
Governor's Action: June 11, 2010, Signed
Summary: Estate tax
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 4/13/2010 Senate Introduced and read first time SJ-10 4/13/2010 Senate Referred to Committee on Finance SJ-10 4/21/2010 Senate Committee report: Favorable Finance SJ-18 4/22/2010 Senate Amended SJ-38 4/22/2010 Senate Read second time SJ-38 4/23/2010 Scrivener's error corrected 4/27/2010 Senate Read third time and sent to House SJ-18 4/28/2010 House Introduced and read first time HJ-17 4/28/2010 House Referred to Committee on Judiciary HJ-17 5/12/2010 House Committee report: Favorable with amendment Judiciary HJ-6 5/14/2010 Scrivener's error corrected 5/18/2010 House Amended HJ-180 5/18/2010 House Debate adjourned HJ-180 5/19/2010 House Amended HJ-24 5/19/2010 House Read second time HJ-24 5/20/2010 House Read third time and returned to Senate with amendments HJ-14 5/26/2010 Senate House amendment amended SJ-101 5/26/2010 Senate Returned to House with amendments SJ-101 6/2/2010 House Concurred in Senate amendment and enrolled HJ-57 6/2/2010 House Roll call Yeas-99 Nays-0 HJ-57 6/7/2010 Ratified R 314 6/11/2010 Signed By Governor 7/1/2010 Effective date See Act for Effective Date 7/8/2010 Act No. 251
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
(A251, R314, S1348)
AN ACT TO PROVIDE THAT THE PERSONAL REPRESENTATIVE, TRUSTEE, OR ANY AFFECTED BENEFICIARY OF A DECEDENT DYING IN CALENDAR YEAR 2010 MAY BRING A PROCEEDING IN PROBATE COURT TO DETERMINE THE DECEDENT'S INTENT WHEN THE WILL, TRUST, OR OTHER INSTRUMENT CONTAINS A FORMULA BASED ON FEDERAL ESTATE TAX OR GENERATION-SKIPPING TAX AND TO PROVIDE THE TIME IN WHICH THE PROCEEDING MUST BE COMMENCED.
Be it enacted by the General Assembly of the State of South Carolina:
Decedents' estates, trusts, proceeding to determine intent
SECTION 1. The personal representative, trustee, or any affected beneficiary under a will, trust, or other instrument of a decedent who dies or did die after December 31, 2009, and before January 1, 2011, may bring a proceeding to determine the decedent's intent when the will, trust, or other instrument contains a formula that is based on the federal estate tax or generation-skipping tax. The proceeding must be commenced within twelve months following the death of the decedent.
SECTION 2. This act takes effect upon approval by the Governor and applies with respect to decedents dying after December 31, 2009, and before January 1, 2011.
Ratified the 7th day of June, 2010.
Approved the 11th day of June, 2010.
This web page was last updated on September 30, 2010 at 9:33 AM