H 3420 General Bill, By T.G. Mangum, B.L. Hendricks, S.H. Howard and Kirsh

Similar(S 683)
 A Bill to amend Sections 12-15-10, 12-15-40, 12-15-60, 12-15-250, 12-17-30 and
 12-17-40, all as amended, Code of Laws of South Carolina, 1976, relating to
 estate and gift tax, so as to provide for an increase in tax rates and to
 provide for the inclusion of Sections of the Internal Revenue Code of 1954, as
 previously amended and as amended by the Economic Recovery Tax Act of 1981,
 for purposes of determining the taxes to be paid; to amend the 1976 Code by
 adding Section 12-15-1535, so as to provide that the general rule for recovery
 of marital deduction property shall include the provisions of Section 2207A of
 the Internal Revenue Code of 1954, as amended, and applicable regulations, as
 amended by the Economic Recovery Tax Act of 1981, for estate tax purposes, and
 Section 12-17-45, so as to provide that the general rule for disposition of
 life estates and recovery of marital deduction property shall include the
 provisions of Sections 2519 and 2207A of the Internal Revenue Code of 1954, as
 amended, and applicable regulations, as amended by the Economic Recovery Tax
 Act of 1981, for gift tax purposes.
   01/21/82  House  Introduced and read first time HJ-302
   01/21/82  House  Referred to Committee on Ways and Means HJ-302