South Carolina General Assembly
122nd Session, 2017-2018

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Indicates Matter Stricken
Indicates New Matter

S. 56

STATUS INFORMATION

General Bill
Sponsors: Senators Bryant and Climer
Document Path: l:\council\bills\bbm\9536dg17.docx

Introduced in the Senate on January 10, 2017
Currently residing in the Senate Committee on Finance

Summary: Motor vehicle property tax

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
  12/13/2016  Senate  Prefiled
  12/13/2016  Senate  Referred to Committee on Finance
   1/10/2017  Senate  Introduced and read first time (Senate Journal-page 41)
   1/10/2017  Senate  Referred to Committee on Finance (Senate Journal-page 41)

View the latest legislative information at the website

VERSIONS OF THIS BILL

12/13/2016

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

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-60-2950 SO AS TO PROVIDE THAT IF A PROPERTY TAXPAYER OBJECTS TO A MOTOR VEHICLE TAX ASSESSMENT, AND THE TAXPAYER PRODUCES A BILL OF SALE THAT REFLECTS A SALES PRICE LOWER THAN THE ASSESSMENT, THEN THE AUDITOR MUST REDUCE THE ASSESSMENT TO THE SALES PRICE, AND TO PROVIDE THAT ANY REBATE OR OTHER SALES INCENTIVE MUST BE SUBTRACTED FROM THE ASSESSMENT.

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

SECTION    1.    Subarticle 13, Article 9, Chapter 60, Title 12 of the 1976 Code is amended by adding:

"Section 12-60-2950.    Notwithstanding any other provision of law, if a property taxpayer objects to a motor vehicle tax assessment, and the taxpayer produces a bill of sale that reflects a sales price lower than the assessment, then the auditor must reduce the assessment to the sales price. Additionally, any rebate or other sales incentive given to the buyer must be further subtracted from the reduced assessment. This section only applies if the sale was an arms-length transaction."

SECTION    2.    This act takes effect upon approval by the Governor. A refund is not allowed on account of values adjusted as provided in this act.

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This web page was last updated on January 20, 2017 at 3:29 PM