South Carolina General Assembly
119th Session, 2011-2012

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Indicates Matter Stricken
Indicates New Matter

H. 4455

STATUS INFORMATION

General Bill
Sponsors: Rep. Bowen
Document Path: l:\council\bills\nbd\11960dg12.docx

Introduced in the House on January 10, 2012
Currently residing in the House Committee on Ways and Means

Summary: Appraisal of property

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
  11/29/2011  House   Prefiled
  11/29/2011  House   Referred to Committee on Ways and Means
   1/10/2012  House   Introduced and read first time (House Journal-page 47)
   1/10/2012  House   Referred to Committee on Ways and Means 
                        (House Journal-page 47)

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

11/29/2011

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

A BILL

TO AMEND SECTION 12-37-3150, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DETERMINING WHEN TO APPRAISE A PARCEL OF REAL PROPERTY, SO AS TO PROVIDE THAT A TRANSFER FOR ZERO OR A DE MINIMIS MONETARY CONSIDERATION IS NOT CONSIDERED AN ASSESSABLE TRANSFER OF INTEREST.

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

SECTION    1.    Section 12-37-3150(B) of the 1976 Code, as last amended by Act 275 of 2010, is further amended by adding an appropriately numbered item at the end to read:

"( )    a transfer for zero monetary consideration, or a de minimis monetary consideration, as prescribed by the department."

SECTION    2.    This act takes effect upon approval by the Governor, and applies for property tax years beginning after 2011.

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