H3432Introduced in the House
Grantor Trust Reimbursement
Introduced by Weston Newton, District 120
What does this bill do?
Plain-English breakdown
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Official description
Amend The South Carolina Code Of Laws By Amending Section 27-6-20, Relating To Nonvested Property Interest Or Power Of Appointment, So As To Increase The Time An Interest Can Vest From Ninety Years To Three Hundred Sixty Years; By Amending Section 27-6-40, Relating To Reformation Of Property Dispositions, So As To Increase The Time Limit From Ninety Years To Three Hundred Sixty Years; By Amending Section 62-7-504, Relating To Discretionary Trusts, So As To Provide Certain Situations In Which A Beneficiary Of A Trust May Not Be Considered A Settlor; By Amending Section 62-7-505, Relating To Creditors' Claims Against A Settlor, So As To Provide That Certain Amounts Paid To Taxing Authorities May Not Be Considered An Amount That May Be Distributed For The Settlor's Benefit; And By Adding Section 62-7-508 So As To Provide For Certain Grantor Trust Reimbursements. - Ratified Title
Where it stands
Act No. 25
May 16, 2025
How did lawmakers vote?
House votes
1 recorded vote · each counted separately
Senate votes
1 recorded vote · each counted separately
SenateStage: Senate: 2nd Reading · April 29, 2025
42
Yes
0
No
3
Absent or Not Voting
45 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Thomas Alexander | 1 | Yes |
| Rex Rice | 2 | Yes |
| Richard Cash | 3 | Yes |
| Michael Gambrell | 4 | Yes |
| Thomas Corbin | 5 | Yes |
| Jason Elliott | 6 | Yes |
| Karl Allen | 7 | Yes |
| Ross Turner | 8 | Yes |
| Danny Verdin | 9 | Yes |
| Billy Garrett | 10 | Yes |
Bill history
Prefiled
Referred to Committee on Judiciary
Introduced and read first time
Referred to Committee on Judiciary
Member(s) request name added as sponsor: C.Mitchell
Committee report: Favorable with amendment Judiciary
Member(s) request name added as sponsor: Yow, T.Moore
Amended
Read second time
Roll call Yeas-107 Nays-0
Read third time and sent to Senate
Introduced and read first time
Referred to Committee on Judiciary
Committee report: Favorable Judiciary
Read second time
Roll call Ayes-42 Nays-0
Read third time and enrolled
Ratified R 43
Signed By Governor
Effective date 05/08/25
Act No. 25
Verify the information
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