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Indicates Matter Stricken
Indicates New Matter
S. 926
STATUS INFORMATION
Concurrent Resolution
Sponsors: Senator Hawkins
Document Path: l:\council\bills\bbm\10020sj04.doc
Companion/Similar bill(s): 3618, 4485
Introduced in the Senate on February 5, 2004
Introduced in the House on March 9, 2004
Adopted by the General Assembly on May 13, 2004
Summary: Death tax
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 2/5/2004 Senate Introduced SJ-6 2/5/2004 Senate Referred to Committee on General SJ-6 2/26/2004 Senate Committee report: Favorable General SJ-19 3/1/2004 Scrivener's error corrected 3/4/2004 Senate Adopted, sent to House SJ-16 3/9/2004 House Introduced HJ-11 3/9/2004 House Referred to Committee on Invitations and Memorial Resolutions HJ-11 5/12/2004 House Committee report: Favorable Invitations and Memorial Resolutions HJ-30 5/13/2004 House Adopted, returned to Senate with concurrence HJ-31
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
2/5/2004
2/26/2004
3/1/2004
5/12/2004
COMMITTEE REPORT
May 12, 2004
S. 926
S. Printed 5/12/04--H.
Read the first time March 9, 2004.
To whom was referred a Concurrent Resolution (S. 926) to request that our elected Representatives and Senators in the United States Congress support, work to pass, and vote for the immediate and permanent repeal of, etc., respectfully
That they have duly and carefully considered the same and recommend that the same do pass:
ROBERT W. LEACH, SR. for Committee.
TO REQUEST THAT OUR ELECTED REPRESENTATIVES AND SENATORS IN THE UNITED STATES CONGRESS SUPPORT, WORK TO PASS, AND VOTE FOR THE IMMEDIATE AND PERMANENT REPEAL OF THE DEATH TAX.
Whereas, under tax relief legislation passed in 2001, the death tax was temporarily phased out but not permanently eliminated; and
Whereas, farmers and other small business owners will face losing their farms and businesses if the federal government resumes the heavy taxation of citizens at death; and
Whereas, this is a tax that is particularly damaging to families who are working their way up the ladder and trying to accumulate wealth for the first time; and
Whereas, employees suffer layoffs when small and medium businesses are liquidated to pay death taxes; and
Whereas, if the death tax had been repealed in 1996, the United States economy would have realized billions of dollars each year in extra output, and an average of one hundred forty-five thousand additional new jobs would have been created; and
Whereas, having repeatedly passed in the United States House of Representatives and Senate, repeal of the death tax holds wide bipartisan support. Now, therefore,
Be it resolved by the Senate, the House of Representatives concurring:
That the members of the General Assembly of the State of South Carolina, by this resolution, request that our elected Representatives and Senators in the United States Congress support, work to pass, and vote for the immediate and permanent repeal of the death tax.
Be it further resolved that a copy of this resolution be forwarded to the State of South Carolina's Congressional Delegation.
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