South Carolina General Assembly
113th Session, 1999-2000

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Bill 3808


                    Current Status

Bill Number:                      3808
Ratification Number:              456
Act Number:                       395
Type of Legislation:              General Bill GB
Introducing Body:                 House
Introduced Date:                  19990331
Primary Sponsor:                  Kelley
All Sponsors:                     Kelley, Keegan, Witherspoon, Edge, 
                                  Miller, Simrill, Rhoad, Altman, Barrett, 
                                  Battle, Campsen, Davenport, Emory, Limehouse, 
                                  R. Smith, Vaughn, Walker and Wilkes
Drafted Document Number:          l:\council\bills\nbd\11265jm99.doc
Companion Bill Number:            701
Date Bill Passed both Bodies:     20000622
Date of Last Amendment:           20000622
Governor's Action:                S
Date of Governor's Action:        20000720
Subject:                          Deed recording fee, exemption if transfer 
                                  realty from agent to principal; Property, 
                                  Limited liability company, Business


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
------  20000824  Act No. A395
------  20000720  Signed by Governor
------  20000622  Ratified R456
Senate  20000622  Free Conference Committee Report       89 SFCC
                  adopted, enrolled for
                  ratification
Senate  20000622  Free Conference Powers granted,        89 SFCC Passailaigue
                  appointed Senators to Committee                Rankin
                  of Free Conference                             Ravenel
House   20000622  Free Conference Committee Report       99 HFCC
                  adopted
House   20000622  Free Conference Powers granted,        99 HFCC Campsen
                  appointed Reps. to Committee of                Seithel
                  Free Conference                                Taylor
Senate  20000622  Conference powers granted,             88 SCC  Passailaigue
                  appointed Senators to Committee                Rankin
                  of Conference                                  Ravenel
House   20000622  Conference powers granted,             98 HCC  Campsen
                  appointed Reps. to Committee of                Seithel
                  Conference                                     Taylor
House   20000622  Insists upon amendment
Senate  20000621  Non-concurrence in House amendment
House   20000601  Senate amendments amended,
                  returned to Senate with amendment
Senate  20000601  Read third time, returned to House
                  with amendment
Senate  20000531  Unanimous consent for third
                  reading on Thursday, 20000601
Senate  20000531  Amended, read second time
Senate  20000525  Recalled from Committee,               06 SF
                  placed on the Calendar
Senate  20000502  Introduced, read first time,           06 SF
                  referred to Committee
House   20000428  Read third time, sent to Senate
House   20000427  Read second time, unanimous
                  consent for third reading on 
                  Friday, 20000428
House   20000427  Request for debate withdrawn
                  by Representative                              Robinson
House   20000427  Request for debate withdrawn
                  by Representative                              Cato
                                                                 Cooper
                                                                 Fleming
House   20000426  Request for debate by Representative           Robinson
                                                                 Cato
                                                                 Kirsh
                                                                 Knotts
House   20000426  Amended
House   20000426  Request for debate by Representative           Fleming
                                                                 Cooper
House   20000419  Committee report: Favorable with       25 HJ
                  amendment
House   19990331  Introduced, read first time,           25 HJ
                  referred to Committee


              Versions of This Bill
Revised on April 19, 2000 - Word format
Revised on April 26, 2000 - Word format
Revised on April 27, 2000 - Word format
Revised on May 25, 2000 - Word format
Revised on May 31, 2000 - Word format
Revised on June 1, 2000 - Word format
Revised on June 22, 2000 - Word format

View additional legislative information at the LPITS web site.


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

(A395, R456, H3808)

AN ACT TO AMEND SECTION 12-24-40, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEEDS EXEMPTED FROM THE STATE'S DEED RECORDING FEE, SO AS TO ALLOW AN EXEMPTION FOR DEEDS THAT TRANSFER REALTY FROM AN AGENT TO THE AGENT'S PRINCIPAL IN WHICH THE REALTY WAS PURCHASED WITH FUNDS OF THE PRINCIPAL; AND TO AMEND SECTION 33-44-211, RELATING TO LIMITED LIABILITY COMPANIES SUBMITTING ANNUAL REPORTS TO THE SECRETARY OF STATE, SO AS TO CHANGE THE DATE FOR SUBMITTING SUCH REPORTS ON OR BEFORE THE FIFTEENTH DAY OF THE THIRD MONTH FOLLOWING THE CLOSE OF THE TAXABLE YEAR.

Be it enacted by the General Assembly of the State of South Carolina:

Deeds exempt from recording fee

SECTION 1. Section 12-24-40 of the 1976 Code, as last amended by Act 324 of 1998, is further amended by adding at the end an appropriately numbered item as follows:

"( ) transferring realty from an agent to the agent's principal in which the realty was purchased with funds of the principal, provided that a notarized document is also filed with the deed that establishes the fact that the agent and principal relationship existed at the time of the original purchase as well as for the purpose of purchasing the realty."

Date changed for submitting report

SECTION 2. Section 33-44-211(c) of the 1976 Code, as added by Act 343 of 1996, is amended to read:

"(c) The first annual report must be delivered to the Secretary of State between January first and April first of the year following the calendar year in which a limited liability company was organized or a foreign company was authorized to transact business. Subsequent annual reports must be delivered to the Secretary of State on or before the fifteenth day of the third month following the close of the taxable year."

Time effective

SECTION 3. This act takes effect upon approval by the Governor, and Section 1 applies with respect to deeds recorded on and after that date.

Ratified the 22nd day of June, 2000.

Approved the 20th day of July, 2000.

__________


This web page was last updated on Wednesday, December 9, 2009 at 9:25 A.M.