South Carolina General Assembly
116th Session, 2005-2006

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H. 4824

STATUS INFORMATION

Concurrent Resolution
Sponsors: Rep. Viers
Document Path: l:\council\bills\nbd\12062ac06.doc

Introduced in the House on March 15, 2006
Currently residing in the House Committee on Invitations and Memorial Resolutions

Summary: Death tax

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   3/15/2006  House   Introduced HJ-100
   3/15/2006  House   Referred to Committee on Invitations and Memorial 
                        Resolutions HJ-100

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

3/15/2006

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A CONCURRENT RESOLUTION

REQUESTING THE CONGRESSIONAL DELEGATION OF THE STATE OF SOUTH CAROLINA TO WORK TO ABOLISH THE DEATH TAX PERMANENTLY.

Whereas, under tax relief legislation passed in 2001, the death tax was temporarily phased out but not permanently eliminated; and

Whereas, farmers and other small business owners will face losing their farms and businesses if the federal government resumes the heavy taxation of citizens at death; and

Whereas, this is a tax that is particularly damaging to families who are working their way up the ladder and trying to accumulate wealth for the first time; and

Whereas, employees suffer layoffs when small and medium businesses are liquidated to pay death taxes; and

Whereas, if the death tax had been repealed in 1996, the United States economy would have realized billions of dollars each year in extra output and an average of 145,000 additional new jobs would have been created; and

Whereas, having repeatedly passed in the United States House of Representatives and Senate, repeal of the death tax holds wide bipartisan support. Now, therefore,

Be it resolved by the House of Representatives, the Senate concurring:

That members of the South Carolina General Assembly, by this resolution, request that the South Carolina Congressional Delegation support, work to pass, and vote for the immediate and permanent repeal of the death tax.

Be it further resolved that a copy of this resolution be forwarded to the members of the South Carolina Congressional Delegation.

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