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A292, R379, H4067
Sponsors: Rep. Harrison
Document Path: l:\council\bills\agm\18830mm07.doc
Introduced in the House on May 15, 2007
Introduced in the Senate on April 9, 2008
Passed by the General Assembly on June 3, 2008
Governor's Action: June 11, 2008, Signed
Summary: Deed recording fee
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 5/15/2007 House Introduced and read first time HJ-18 5/15/2007 House Referred to Committee on Judiciary HJ-18 4/2/2008 House Committee report: Favorable Judiciary HJ-10 4/8/2008 House Read second time HJ-19 4/9/2008 House Read third time and sent to Senate HJ-23 4/9/2008 Senate Introduced and read first time SJ-9 4/9/2008 Senate Referred to Committee on Finance SJ-9 5/28/2008 Senate Recalled from Committee on Finance SJ-2 5/29/2008 Senate Read second time SJ-42 6/3/2008 Senate Read third time and enrolled SJ-22 6/5/2008 Ratified R 379 6/11/2008 Signed By Governor 6/18/2008 Copies available 6/18/2008 Effective date 06/11/08 6/19/2008 Act No. 292
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VERSIONS OF THIS BILL
(A292, R379, H4067)
AN ACT TO AMEND SECTION 12-24-10, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DEED RECORDING FEE, SO AS TO EXEMPT A DEED TRANSFERRING REAL PROPERTY FROM A TRUST TO A TRUST DISTRIBUTEE UPON THE DEATH OF THE SETTLOR UPON CERTAIN CONDITIONS.
Be it enacted by the General Assembly of the State of South Carolina:
Deeds not subject to recording fee
SECTION 1. Section 12-24-10(B) of the 1976 Code, as amended by Act 323 of 2006, is amended to read:
"(B) An instrument or deed of distribution assigning, transferring, or releasing real property to the distributee of a decedent's estate pursuant to Section 62-3-907 as evidence of the distributee's title to the property is not a deed subject to this chapter. In addition, a deed transferring real property from a trust to a trust distributee upon the trust settlor's death, pursuant to the trust terms, is not a deed subject to this chapter if a deed of distribution would be the appropriate instrument to transfer the subject property if the property were part of the decedent's probate estate."
SECTION 2. This act takes effect upon approval by the Governor.
Ratified the 5th day of June, 2008.
Approved the 11th day of June, 2008.
This web page was last updated on Monday, October 10, 2011 at 1:36 P.M.