South Carolina Legislature


Session 107 - (1987-1988)Printer Friendly
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S*0319 (Rat #0105, Act #0070 of 1987) General Bill, By Senate Finance
Similar (S 0176)
    A Bill to amend the Code of Laws of South Carolina, 1976, by adding Chapter 16 in Title 12, so as to enact the South Carolina Estate Tax Act applicable to decedents dying after June 30, 1991; to amend Sections 12-15-61, 12-15-251, and 12-15-550, relating to amounts specifically exempt from the South Carolina Estate Tax, so as to increase the exemption in phases until the effective date of the South Carolina Estate Tax Act; to amend Section 12-49-70, relating to the period after which taxes are presumed to be paid, so as to exempt the recapture estate tax from the presumption; to amend Section 12-54-70, relating to enforcement and collection of taxes, so as to correct a cross-reference; to amend Section 2-801 of the South Carolina Probate Code, relating to disclaimers, so as to correct a cross-reference; to repeal Chapter 15 of Title 12, relating to the estate tax, for decedents dying after June 30, 1991; to repeal Chapter 17 of Title 12, relating to the gift tax, effective for gifts made after December 31, 1991; and to repeal Sections 12-15-1540 and 12-15-1550, relating to the estate tax, effective July 1, 1987.
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01/28/87Senate Introduced, read first time, placed on calendar without reference SJ-319
02/17/87Senate Read second time SJ-537
02/17/87Senate Ordered to third reading with notice of amendments SJ-537
02/24/87Senate Read third time and sent to House SJ-631
02/25/87House Introduced and read first time HJ-714
02/25/87House Referred to Committee on Ways and Means HJ-715
04/08/87House Committee report: Favorable Ways and Means HJ-1653
04/15/87House Read second time HJ-1880
04/16/87House Read third time and enrolled HJ-1970
04/21/87House Recalled from Legislative Council HJ-2052
04/22/87House Reconsider vote whereby read 3rd time & enrolled HJ-2067
04/22/87House Amended HJ-2067
04/22/87House Read third time HJ-2067
04/22/87House Returned HJ-2067
04/23/87Senate Concurred in House amendment and enrolled SJ-1480
04/30/87 Ratified R 105
05/06/87 Signed By Governor
05/06/87 Effective date 05/06/87
05/06/87 Act No. 70
05/15/87 Copies available

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