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Indicates Matter Stricken
Indicates New Matter
Sponsors: Senator Alexander
Document Path: l:\council\bills\nbd\11087dg19.docx
Introduced in the Senate on January 8, 2019
Introduced in the House on February 20, 2019
Last Amended on February 7, 2019
Currently residing in the House Committee on Ways and Means
Summary: DOR; allow DOR to submit certain information to a financial institution regarding a debtor that has been named on a warrant for distraint
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 1/8/2019 Senate Introduced and read first time (Senate Journal-page 183) 1/8/2019 Senate Referred to Committee on Finance (Senate Journal-page 183) 2/5/2019 Senate Committee report: Favorable with amendment Finance (Senate Journal-page 14) 2/7/2019 Senate Committee Amendment Adopted (Senate Journal-page 12) 2/14/2019 Senate Read second time (Senate Journal-page 11) 2/14/2019 Senate Roll call Ayes-38 Nays-0 (Senate Journal-page 11) 2/19/2019 Senate Read third time and sent to House (Senate Journal-page 16) 2/20/2019 House Introduced and read first time (House Journal-page 6) 2/20/2019 House Referred to Committee on Ways and Means (House Journal-page 6)
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VERSIONS OF THIS BILL
COMMITTEE AMENDMENT ADOPTED
February 7, 2019
S. Printed 2/7/19--S.
Read the first time January 8, 2019.
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-54-265 SO AS TO ALLOW THE DEPARTMENT OF REVENUE TO SUBMIT CERTAIN INFORMATION TO A FINANCIAL INSTITUTION REGARDING A DEBTOR THAT HAS BEEN NAMED ON A WARRANT FOR DISTRAINT, AND TO REQUIRE THE FINANCIAL INSTITUTION PROVIDE CERTAIN INFORMATION TO THE DEPARTMENT.
Amend Title To Conform
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 54, Title 12 of the 1976 Code is amended by adding:
"Section 12-54-265. (A) Notwithstanding any other provision of law, the department may submit to a financial institution, as defined in Section 63-17-2310(A)(2) , information that identifies a debtor named on a warrant for distraint that has been issued and filed by the department or whose debt has been submitted to the department for collection under the provisions of Section 12-4-580. For purposes of debts named on warrants for distraint, the debt must be at least one hundred eighty days old from the date of assessment. The department may submit the information to the financial institution on a quarterly basis or, with the agreement of the financial institution, on a more frequent basis. A financial institution that receives the information must conduct a data match. The financial institution must then provide to the department, in a manner and form prescribed by the department, information concerning the debtor for purposes of collecting outstanding debts. The information provided to the department must include, but is not limited to, the information required pursuant to Section 63-17-2320(A). The financial institution must be paid a reasonable fee out of the collected funds not to exceed actual cost.
(B) Notwithstanding any other provision of law, a financial institution is not liable to a person for disclosure of information to the department, its designee, or the department's or its designee's employees pursuant to subsection (A) or for encumbering or surrendering any deposits, credits, or other personal property in response to a notice of lien or levy by the department, or its designee, or for any other action taken in good faith to comply with the requirements of subsection (A)."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on February 21, 2019 at 8:38 AM