Bill Text: SC H3099 | 2023-2024 | 125th General Assembly | Introduced

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Bill Title: Bank Reporting Requirements

Spectrum: Partisan Bill (Republican 6-0)

Status: (Introduced - Dead) 2023-04-26 - Member(s) request name added as sponsor: Cromer [H3099 Detail]

Download: South_Carolina-2023-H3099-Introduced.html

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South Carolina General Assembly
125th Session, 2023-2024

Bill 3099

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Indicates Matter Stricken
Indicates New Matter

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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A bill

to amend the South Carolina Code of Laws by adding Section 34-3-120 so as to PROVIDE THAT A BANK MAY NOT ALLOW A GOVERNMENTAL TAX COLLECTION AGENCY TO COLLECT CERTAIN CUSTOMER DATA.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1.Article 1, Chapter 3, Title 34 of the S.C. Code is amended by adding:

Section 34-3-120.Notwithstanding any other provision of law, a bank may not allow a governmental tax collection agency to collect customer data relating to a customer's account balances, deposits, or withdrawals.

SECTION 2.If any section, subsection, paragraph, subparagraph, sentence, clause, phrase, or word of this act is for any reason held to be unconstitutional or invalid, such holding shall not affect the constitutionality or validity of the remaining portions of this act, the General Assembly hereby declaring that it would have passed this act, and each and every section, subsection, paragraph, subparagraph, sentence, clause, phrase, and word thereof, irrespective of the fact that any one or more other sections, subsections, paragraphs, subparagraphs, sentences, clauses, phrases, or words hereof may be declared to be unconstitutional, invalid, or otherwise ineffective.

SECTION 3.This act takes effect upon approval by the Governor.

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This web page was last updated on December 08, 2022 at 05:08 PM