Current Status Bill Number:4617 Type of Legislation:General Bill GB Introducing Body:House Introduced Date:19980211 Primary Sponsor:Sharpe All Sponsors:Sharpe Drafted Document Number:psd\7173djc.98 Residing Body:House Current Committee:Ways and Means Committee 30 HWM Subject:Property tax assessments on real estate, person having life estate in; Taxation, liable for taxes during life tenancy
Body Date Action Description Com Leg Involved
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House 19980211 Introduced, read first time, 30 HWM
referred to Committee
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TO AMEND SECTION 12-37-610, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PERSONS LIABLE FOR TAXES AND ASSESSMENTS ON REAL ESTATE, SO AS TO PROVIDE THAT A PERSON HAVING A LIFE ESTATE IN REAL ESTATE IS PRIMARILY LIABLE FOR TAXES AND ASSESSMENTS ACCRUING DURING HIS LIFE TENANCY, AND THAT UNPAID TAXES OR ASSESSMENTS ACCRUING DURING A LIFE TENANCY CONSTITUTE A LIEN AGAINST THE REAL ESTATE THAT MAY BE ENFORCED AGAINST THE RIGHTS OF A REMAINDERMAN DURING OR AFTER EXPIRATION OF THE LIFE ESTATE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-37-610 of the 1976 Code, as last amended by Act 431 of 1996, is further amended to read:
"Section 12-37-610. (A) Every person is liable to pay taxes and assessments on the real estate which he owns is seized in fee or for life, or may have the care of as guardian, executor, trustee, or committee.
(B) Every person having a life estate in real estate is primarily liable to pay taxes and assessments accruing during his life tenancy, and unpaid taxes or assessments accruing during a life tenancy constitute a lien against the real estate that, after due notice to persons affected, may be enforced against the rights of a remainderman during or after expiration of the tenancy of the person having the life estate."
SECTION 2. This act takes effect upon approval by the Governor.