Download This Bill in Microsoft Word format

Indicates Matter Stricken
Indicates New Matter

H. 4802

STATUS INFORMATION

General Bill
Sponsors: Reps. R. Williams and Wooten
Document Path: l:\council\bills\jn\3481sa22.docx

Introduced in the House on January 13, 2022
Currently residing in the House Committee on Judiciary

Summary: Municipal Deed Stamps

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   1/13/2022  House   Introduced and read first time
   1/13/2022  House   Referred to Committee on Judiciary
   2/22/2022  House   Member(s) request name added as sponsor: Wooten

View the latest legislative information at the website

VERSIONS OF THIS BILL

1/13/2022

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-24-170 SO AS TO PROVIDE THAT A MUNICIPALITY MAY IMPOSE A MUNICIPAL DEED STAMP EQUAL TO ONE DOLLAR TEN CENTS FOR EACH ONE THOUSAND DOLLARS, OR FRACTIONAL PART OF ONE THOUSAND DOLLARS, OF THE REALTY'S VALUE.

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

SECTION    1.    Chapter 24, Title 12 of the 1976 Code is amended by adding:

    "Section 12-24-170.    (A)    A municipality may impose a municipal deed stamp equal to one dollar ten cents for each one thousand dollars, or fractional part of one thousand dollars, of the realty's value.

    (B)    The municipal deed stamp must be credited to a local housing trust fund or regional housing trust fund to provide the capital to complement the existing local, state, and federal efforts to increase and preserve the supply of decent, safe, affordable, and sanitary housing for low to moderate income households."

SECTION    2.    This act takes effect upon approval by the Governor.

This web page was last updated on February 22, 2022 at 12:58 PM