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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
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VERSIONS OF THIS BILL
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