South Carolina Legislature




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Session 118 - (2009-2010)Printer Friendly
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S 0879 General Bill, By Campsen
Summary: Property taxation
    A BILL TO AMEND SECTION 12-37-3150, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO ASSESSABLE TRANSFERS OF INTEREST FOR PURPOSES OF DETERMINING THE VALUE OF REAL PROPERTY FOR PROPERTY TAXATION, SO AS TO PROVIDE ADDITIONAL INSTANCES OF PROPERTY TRANSFERS NOT CONSIDERED ASSESSABLE TRANSFERS OF INTEREST, INCLUDING TRANSFERS OF FRACTIONAL INTERESTS CONSTITUTING NOT MORE THAN FIFTY PERCENT OF FEE SIMPLE TITLE, TRANSFERS INTO AND OUT OF A SINGLE MEMBER LIMITED LIABILITY COMPANY NOT TAXED AS A CORPORATION WHEN THE SINGLE MEMBER IS THE TRANSFEREE AND TRANSFEROR, TRANSFERS RELATING TO EASEMENTS, TRANSFERS TO QUIET TITLE OR ESTABLISH A BOUNDARY LINE, AND TRANSFERS CREATING OR TERMINATING A JOINT TENANCY WITH RIGHTS OF SURVIVORSHIP IF THE GRANTORS AND GRANTEES ARE THE SAME.
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05/21/09Senate Introduced and read first time SJ-6
05/21/09Senate Referred to Committee on Finance SJ-6
03/03/10Senate Committee report: Favorable with amendment Finance SJ-9
03/04/10Senate Committee Amendment Adopted SJ-15
03/04/10Senate Read second time SJ-15
03/09/10Senate Read third time and sent to House SJ-18
03/09/10House Introduced and read first time HJ-64
03/09/10House Referred to Committee on Ways and Means HJ-65
05/12/10House Recalled from Committee on Ways and Means HJ-24
05/20/10House Debate adjourned until Tuesday, May 25, 2010 HJ-69
05/25/10House Debate adjourned HJ-36
05/25/10House Amended HJ-74
05/25/10House Read second time HJ-74
05/25/10House Motion noted- Rep. Bowers moved to reconsider second reading
05/26/10House Motion to reconsider tabled HJ-14
05/26/10House Roll call Yeas-82 Nays-14 HJ-14
05/26/10House Read third time and returned to Senate with amendments HJ-14
06/01/10Senate House amendment amended SJ-98
06/01/10Senate Returned to House with amendments SJ-98
06/15/10House Non-concurrence in Senate amendment HJ-71
06/15/10House Roll call Yeas-3 Nays-109 HJ-71



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