The House of Representatives amended, approved, and sent the Senate H.3429, a bill providing for ADDITIONAL EXEMPTIONS IN BANKRUPTCY PROCEEDINGS. The legislation allows a surviving spouse, who has not remarried, to claim the deceased’s homestead exemption in a bankruptcy proceeding by adding an exemption from attachment, levy, or forced sale that applies to up to fifty thousand dollars owned in the inherited residence. The legislation also adds an exemption in bankruptcy proceedings that applies to no more than ten thousand dollars in value in any rifle, shotgun, pistol, or any combination of those firearms owned by the debtor.
The House approved and sent the Senate H.3176, a bill providing for more expansive IRA EXEMPTIONS FROM ATTACHMENT IN BANKRUPTCY PROCEEDINGS by eliminating the current limitation that individual retirement accounts and other similar plans are exempt from attachment, levy, and sale, only to the extent permitted under Section 522(d) of the Federal Bankruptcy Code.
The House amended, approved, and sent the Senate H.3515, a joint resolution addressing SCHOOL DAY WAIVERS IN DISTRICTS AFFECTED BY HURRICANE MATTHEW. The legislation provides for the waiver of five or fewer days for schools in counties for which federal major disaster declarations were made as a result of Hurricane Matthew. The provisions of this joint resolution apply to school districts in Allendale, Bamberg, Barnwell, Beaufort, Calhoun, Charleston, Clarendon, Colleton, Darlington, Dillon, Dorchester, Florence, Georgetown, Hampton, Horry, Jasper, Lee, Marion, Marlboro, Orangeburg, Sumter, and Williamsburg Counties that missed school days due to Hurricane Matthew in October of 2016. The districts must first make up the statutorily required three days, the local district three day wavier and also the State Board three day wavier. If a district needs more than those nine days, this legislation authorizes the local board to waive up to five additional days.
Thank you for allowing me to serve you in the South Carolina House of Representatives and please feel free to contact me via email at [email protected] or my 24-hour phone line at 331-8468.