summary
Introduced
02/05/2026
02/05/2026
In Committee
02/05/2026
02/05/2026
Crossed Over
Passed
Dead
Introduced Session
126th General Assembly
Bill Summary
Amend The South Carolina Code Of Laws By Amending Section 12-37-3150, Relating To Determining When An Assessable Transfer Of Interest Occurs, So As To Exclude Transfers Made Amongst Related Descendants Of The Heirs' Property.
AI Summary
This bill amends South Carolina law to exclude certain transfers of property from being considered "assessable transfers of interest," which typically trigger taxes or fees. Specifically, it clarifies that when family members who are related descendants and have a legal claim to "heirs' property" – meaning property inherited by multiple people without a clear division of ownership – transfer their ownership interests among themselves, this will not be counted as a taxable event, provided both the person giving and the person receiving the interest already owned a part of that property before the transfer.
Committee Categories
Justice
Sponsors (6)
Bill Herbkersman (R)*,
Chandra Dillard (D),
Wendell Jones (D),
Annie McDaniel (D),
Michael Rivers (D),
Robert Williams (D),
Last Action
Member(s) request name added as sponsor: Rivers, McDaniel, Williams, Jones, Dillard (on 02/26/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.scstatehouse.gov/billsearch.php?billnumbers=5112&session=126&summary=B |
| BillText | https://www.scstatehouse.gov/sess126_2025-2026/prever/5112_20260205.htm |
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