Fabio
86 lines
5.2 KiB
Markdown
86 lines
5.2 KiB
Markdown
---
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type: "Bill"
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title: "Grantor Trust Reimbursement"
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description: "AN ACT TO 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"
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jurisdiction: "us/states/sc"
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legislature: "South Carolina General Assembly"
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session: "2025-2026"
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identifier: "H 3432"
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citation: "South Carolina H 3432 (2025-2026)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["C. Mitchell", "T. Moore", "W. Newton", "Yow"]
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version_count: 5
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action_count: 21
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vote_count: 2
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first_action: "2024-12-05"
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last_action: "2025-05-16"
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source: "openstates"
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source_identifier: "ocd-bill/0ff45f90-bf2d-4a86-b1af-973eda9f383c"
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source_url: "https://www.scstatehouse.gov/billsearch.php?billnumbers=3432&session=126&summary=B"
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source_hash: "4fe4b80844187ac47e45addd2e6d4d8d5d230d0a49841e927e46274929b0aef7"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-sc"]
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---
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# South Carolina H 3432 (2025-2026) — Grantor Trust Reimbursement
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AN ACT TO 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
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Filed** (filed) — [source](https://www.scstatehouse.gov/sess126_2025-2026/bills/3432.htm)
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2. **02/06/2025** (committee substitute) — [source](https://www.scstatehouse.gov/sess126_2025-2026/prever/3432_20250206.htm)
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3. **02/12/2025** (committee substitute) — [source](https://www.scstatehouse.gov/sess126_2025-2026/prever/3432_20250212.htm)
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4. **04/16/2025** (committee substitute) — [source](https://www.scstatehouse.gov/sess126_2025-2026/prever/3432_20250416.htm)
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5. **12/05/2024** (committee substitute) — [source](https://www.scstatehouse.gov/sess126_2025-2026/prever/3432_20241205.htm)
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## Votes
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- Passage of Bill — **107–0** (pass) · lower
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- 2nd Reading — **42–0** (pass) · upper
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## Sponsors
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- C. Mitchell — primary (person)
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- T. Moore — primary (person)
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- W. Newton — primary (person)
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- Yow — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2024-12-05** Prefiled `filing`
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- **2024-12-05** Referred to Committee on Judiciary `referral-committee`
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- **2025-01-14** Introduced and read first time `introduction, reading-1`
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- **2025-01-14** Referred to Committee on Judiciary `referral-committee`
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- **2025-02-06** Member(s) request name added as sponsor: C.Mitchell
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- **2025-02-06** Committee report: Favorable with amendment Judiciary `committee-passage-favorable`
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- **2025-02-12** Member(s) request name added as sponsor: Yow, T.Moore
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- **2025-02-12** Amended `amendment-passage`
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- **2025-02-12** Read second time `reading-2`
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- **2025-02-12** Roll call Yeas-107 Nays-0
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- **2025-02-13** Read third time and sent to Senate `passage, reading-3`
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- **2025-02-13** Introduced and read first time `introduction, reading-1`
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- **2025-02-13** Referred to Committee on Judiciary `referral-committee`
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- **2025-04-16** Committee report: Favorable Judiciary `committee-passage-favorable`
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- **2025-04-29** Read second time `reading-2`
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- **2025-04-29** Roll call Ayes-42 Nays-0
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- **2025-04-30** Read third time and enrolled `passage, reading-3`
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- **2025-05-06** Ratified R 43
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- **2025-05-08** Signed By Governor `executive-signature`
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- **2025-05-16** Effective date 05/08/25
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- **2025-05-16** Act No. 25
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/0ff45f90-bf2d-4a86-b1af-973eda9f383c`. Confidence: reported (aggregated from official South Carolina legislature records).
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