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Current Status Bill Number:View additional legislative information at the LPITS web site.1059 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:20000120 Primary Sponsor:Rankin All Sponsors:Rankin Drafted Document Number:l:\s-res\lar\014501(.dmb.doc Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:Deed recording fee, exemption allowed when transferred to churches and charitable organizations, Property History Body Date Action Description Com Leg Involved ______ ________ ______________________________________ _______ ____________ Senate 20000120 Introduced, read first time, 06 SF referred to Committee Versions of This Bill
TO AMEND SECTION 12-24-40, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEEDS EXEMPT FROM THE RECORDING FEE, SO AS TO EXEMPT DEEDS TRANSFERRED TO CHURCHES AND CHARITABLE TRUST ORGANIZATIONS INCLUDING OTHER CHARITABLE ORGANIZATIONS AS DEFINED IN SECTION 33-56-20.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-24-40 of the 1976 Code is amended by adding:
"(14) transferring realty to an organization that is exempt from taxation pursuant to Section 12-37-220(3), (4) or (31) or that is charitable organization as defined in Section 33-56-20."
SECTION 2. This act takes effect upon approval by the Governor.
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