Current Status Bill Number:4684 Type of Legislation:General Bill GB Introducing Body:House Introduced Date:19960227 Primary Sponsor:Felder All Sponsors:Felder and Cain Drafted Document Number:pt\2284dw.96 Residing Body:House Current Committee:Judiciary Committee 25 HJ Subject:Locally imposed real property transfer fees prohibited
Body Date Action Description Com Leg Involved
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House 19960227 Introduced, read first time, 25 HJ
referred to Committee
View additional legislative information at the LPITS web site.
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 6-1-85 SO AS TO PROHIBIT LOCALLY IMPOSED REAL PROPERTY TRANSFER FEES EXCEPT WHERE SPECIFICALLY AUTHORIZED BY GENERAL LAW AND PROVIDE PHASE-OUT PROCEDURES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 1, Title 6 of the 1976 Code is amended by adding:
"Section 6-1-85. Municipalities, counties, school districts, or special purpose districts may not impose any fee or tax of any nature or description on the transfer of real property unless the General Assembly has expressly authorized by general law the imposition of the fee or tax."
SECTION 2. Notwithstanding the provisions of Section 6-1-85 of the 1976 Code as added by this act, the governing body of any municipality, county, school district, or special purpose district which has enacted and collected any fee or tax which is charged on the transfer of real estate may continue to collect the fees or taxes until the earlier of:
(1) the end of the entity's current fiscal year as of the effective date of this section; or
(2) January 1, 1997.
SECTION 3. This act takes effect upon approval by the Governor.