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Bill Number: 536 Ratification Number: 104 Act Number 69 Introducing Body: Senate Subject: Method of applying delinquent taxes when received
(A69, R104, S536)
AN ACT TO AMEND ACT 425 OF 1986, RELATING TO THE METHOD OF APPLYING DELINQUENT TAXES WHEN RECEIVED BY THE TREASURER OR DELINQUENT TAX COLLECTOR, SO AS TO PROVIDE THAT DELINQUENT TAXES MUST BE APPLIED TO THE OLDEST CHRONOLOGICAL DELINQUENCY ON THE PROPERTY ON WHICH THE DELINQUENT PAYMENT IS MADE RATHER THAN THE OLDEST OUTSTANDING DELINQUENCY.
Be it enacted by the General Assembly of the State of South Carolina:
Application of taxes
SECTION 1. Section 3 of Act 425 of 1986 is amended to read:
"Section 3. Any taxes paid by a delinquent taxpayer to a county treasurer or tax collector must be applied to the oldest chronological delinquency on the property for which payment was intended. Personal property taxes tendered must be applied to personal property tax delinquencies and real property taxes tendered must be applied to real property tax delinquencies."
SECTION 2. This act takes effect upon approval by the Governor.