Current Status Introducing Body:Senate Bill Number:326 Primary Sponsor:Waddell Committee Number:30 Type of Legislation:GB Subject:Estate Tax Act, certain references updated Residing Body:House Current Committee:Ways and Means Companion Bill Number:3271 Computer Document Number:326 Introduced Date:Jan 08, 1991 Last History Body:House Last History Date:Jan 31, 1991 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Waddell Leatherman Lourie Hayes Giese Type of Legislation:General Bill
Bill Body Date Action Description CMN ---- ------ ------------ ------------------------------ --- 326 House Jan 31, 1991 Introduced, read first time, 30 referred to Committee 326 Senate Jan 30, 1991 Read third time, sent to House 326 Senate Jan 29, 1991 Read second time 326 Senate Jan 23, 1991 Committee Report: Favorable 06 326 Senate Jan 08, 1991 Introduced and read first 06 time, referred to Committee 326 Senate Dec 03, 1990 Prefiled, referred to 06 CommitteeView additional legislative information at the LPITS web site.
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COMMITTEE REPORT
January 23, 1991
S. 326
Introduced by SENATORS Waddell, Leatherman, Lourie, Hayes and Giese
S. Printed 1/23/91--S.
Read the first time January 8, 1991.
To whom was referred a Bill (S. 326), to amend Section 12-16-20, as amended, Code of Laws of South Carolina, 1976, relating to definitions for purposes, etc., respectfully
That they have duly and carefully considered the same, and recommend that the same do pass:
JAMES M. WADDELL, JR., for Committee.
Senate Bill 326 amends Section 12-16-20, as amended, relating to definitions for purposes of the South Carolina Estate Tax Act, so as to update the reference date of this state's adoption of various provisions of the Internal Revenue Code of 1986.
This Bill would have no effect on state or local revenue.
Approved By:
S. Hunter Howard, Jr.
S.C. Tax Commission
TO AMEND SECTION 12-16-20, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEFINITIONS FOR PURPOSES OF THE SOUTH CAROLINA ESTATE TAX ACT, SO AS TO UPDATE THE REFERENCE DATE OF THIS STATE'S ADOPTION OF VARIOUS PROVISIONS OF THE INTERNAL REVENUE CODE OF 1986.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-16-20(5) of the 1976 Code, as last amended by Section 3B, Part II, Act 612 of 1990, is further amended to read:
"(5) 'Internal Revenue Code' means the Internal Revenue Code of 1986, as amended through December 31, 1989 1990."
SECTION 2. Upon approval by the Governor, this act is effective with respect to estates of decedents dying after 1990.