South Carolina General Assembly
106th Session, 1985-1986

Bill 92

                    Current Status

Bill Number:               92
Ratification Number:       195
Act Number:                129
Introducing Body:          Senate
Subject:                        Ad valorem taxes on motor
                           vehicles
View additional legislative information at the LPITS web site.

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

(A129, R195, S92)

AN ACT TO AMEND ACT 405 OF 1980, AS AMENDED, RELATING TO THE PAYMENT OF AD VALOREM TAXES ON MOTOR VEHICLES, SO AS TO PROVIDE THAT THE ASSESSED VALUE OF MOTOR VEHICLES WHOSE MODEL YEAR IS FIFTEEN YEARS OR MORE PRIOR TO THE CURRENT TAX YEAR IS FIFTY DOLLARS AND THE ASSESSED VALUE OF MOTOR VEHICLES WHOSE MODEL YEAR IS LESS THAN FIFTEEN YEARS PRIOR TO THE CURRENT TAX YEAR MUST NOT BE LESS THAN FIFTY DOLLARS, AND TO PROVIDE FOR REFUNDS OF ANY OVERPAYMENTS THAT WERE MADE IN REGARD TO THESE VEHICLES FOR TAX YEARS BEGINNING AFTER DECEMBER 31, 1984.

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

Assessed value of motor vehicle

SECTION 1. Section 5 of Act 405 of 1980 is amended to read:

"Section 5. The auditor shall determine the assessed value of the motor vehicle and shall calculate the amount of taxes on the vehicle. However, in the case of motor vehicles whose model year is fifteen years or more prior to the tax year, the assessed value is fifty dollars and in the case of a motor vehicle whose model year is less than fifteen years prior to the tax year, the assessed value must not be less than fifty dollars. The millage to be applied to motor vehicles licensed during January through December of each year must be that applied to other taxable property within the county, school district, special or tax district and, if applicable, the municipality for the preceding regular tax year."

Provisions effective

SECTION 2. The provisions of Section 5 of Act 405 of 1980, as amended in Section 1 of this act, are effective for vehicle taxable years beginning after December 31, 1984. For purposes of the taxable year beginning after December 31, 1984, taxpayers whose vehicle model year is more than fourteen years prior to the current taxable year and were assessed at more than fifty dollars shall, upon application to the county auditor, receive a refund of any overpayment. For purposes of the taxable year beginning after December 31, 1984, taxpayers owning vehicles which were assessed at less than fifty dollars prior to the effective date of this act may not be billed for any additional tax.

Time effective

SECTION 3. This act shall take effect upon approval by the Governor.