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South Carolina · 2025-2026 Regular Session · Bill

H 3432: Grantor Trust Reimbursement

Enacted Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

H 3432 is a bill introduced in the South Carolina House on December 5, 2024. According to its official title, it concerns: Grantor Trust Reimbursement. Primary sponsor: Weston Newton (Republican), Cody Mitchell (Republican), Richie Yow (Republican), Travis Moore (Republican). Most recent recorded action (May 16, 2025): Act No. 25.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

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

Sponsors

Sponsors by party (alphabetical): Republican 4

NameRolePartyChamberDistrict
Weston NewtonPrimary sponsorRepublicanHouse120
Cody MitchellPrimary sponsorRepublicanHouse65
Richie YowPrimary sponsorRepublicanHouse53
Travis MoorePrimary sponsorRepublicanHouse33

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Act No. 25
  2. Effective date 05/08/25
  3. Signed By Governor
  4. Ratified R 43
  5. Read third time and enrolled
  6. Roll call Ayes-42 Nays-0
  7. Read second time
  8. Committee report: Favorable Judiciary
  9. Referred to Committee on Judiciary
  10. Introduced and read first time
  11. Read third time and sent to Senate
  12. Roll call Yeas-107 Nays-0

Showing 12 most recent of 21 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source