Reference is to Printer's Date 2/14/17-H.
Amend the bill, as and if amended, SECTION 6, by striking Section 56-3-627(B) in its entirety and inserting:
/ (B)(1) If upon
purchasing or leasing any item subject to the fee, other than a
motor vehicle or motorcycle, from a dealer, the owner first
registers the item in this State, then the fee equals five
percent, not to exceed five hundred dollars, of the gross
proceeds of sales, or sales price, as those terms are defined in
Chapter 36, Title 12. If the dealer holds a South Carolina
retail license or offers to license and register the item, then
the dealer shall collect the fee and remit it to the Department
of Motor Vehicles.
(2)
If upon purchasing or leasing a motor vehicle or
motorcycle from a dealer, the owner first registers the item in
this State, then the fee equals three percent, not to exceed
seven hundred dollars, of the gross proceeds of sales, or sales
price, as those terms are defined in Chapter 36, Title 12. If
the dealer holds a South Carolina retail license or offers to
license and register the item, then the dealer must collect the
fee and remit it to the Department of Motor Vehicles.
/
Amend further SECTION 6, by striking Section 56-3-627(C)(1) in its entirety and inserting:
/ (1)(a) If upon
purchasing or leasing any item subject to the fee, other than a
motor vehicle or motorcycle, from a person other than a dealer,
the owner first registers the item in this State, then the fee
equals five percent, not to exceed five hundred dollars, of the
fair market value of the item.
(b)
If upon purchasing or leasing a motor vehicle or
motorcycle from a person other than a dealer, the owner first
registers the item in this State, then the fee equals three
percent, not to exceed seven hundred dollars, of the fair market
value of the item. /
Amend further SECTION 6, by striking Section 56-3-627(E)(1) in its entirety and inserting:
/ (1) The Department of Transportation shall allocate eighty percent of every fee collected on motor vehicles pursuant to subsections (B)(2) and (C)(1)(b), but not to exceed two hundred forty dollars, to the state-funded resurfacing program. The Department of Transportation shall develop and implement a needs-based methodology to distribute revenue within the state-funded resurfacing program, which shall include consideration on a county-by-county basis, to ensure that each county in the State is guaranteed funding for resurfacing . /
Renumber sections to conform.
Amend title to conform.