Current Status Bill Number:1181 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19960227 Primary Sponsor:Wilson All Sponsors:Wilson Drafted Document Number:dka\3542cm.96 Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:Documentary stamp tax, real estate transfers
Body Date Action Description Com Leg Involved
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Senate 19960227 Introduced, read first time, 06 SF
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 12-21-385 SO AS TO EXEMPT FROM THE DOCUMENTARY STAMP TAX REAL ESTATE TRANSFERS MADE PURSUANT TO AN ORDER OF THE FAMILY COURT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 3, Chapter 21, Title 12 of the 1976 Code is amended by adding:
"Section 12-21-385. Deeds transferring real estate to a spouse or former spouse pursuant to an order of the family court are exempt from the tax imposed pursuant to Section 12-21-380. A clerk of court or register of mesne conveyances may record these deeds without revenue stamps affixed and without penalty."
SECTION 2. This act takes effect on the first day of the third month following approval by the Governor and applies with respect to deeds recorded on or after that date.