South Carolina General Assembly
110th Session, 1993-1994

Bill 3454

                    Current Status
Introducing Body:               House
Bill Number:                    3454
Ratification Number:            304
Act Number:                     296
Primary Sponsor:                R. Young
Type of Legislation:            GB
Subject:                        Property taxes, delinquent
Date Bill Passed both Bodies:   19940215
Computer Document Number:       CYY/15128SD.93
Governor's Action:              S
Date of Governor's Action:      19940302
Introduced Date:                19930210
Date of Last Amendment:         19930420
Last History Body:              ------
Last History Date:              19940302
Last History Type:              Act No. 296
Scope of Legislation:           Statewide
All Sponsors:                   R. Young
                                Gonzales
Type of Legislation:            General Bill
History

Bill   Body    Date          Action Description              CMN  Leg Involved
----   ------  ------------  ------------------------------  ---  ------------
3454   ------  19940302      Act No. 296
3454   ------  19940302      Signed by Governor
3454   ------  19940224      Ratified R 304
3454   Senate  19940215      Read third time, enrolled for
                             ratification
3454   Senate  19940210      Read second time, notice of
                             general amendments
3454   Senate  19940209      Committee Report: Favorable     06
3454   Senate  19930422      Introduced, read first time,    06
                             referred to Committee
3454   House   19930421      Read third time, sent to
                             Senate
3454   House   19930420      Amended, read second time
3454   House   19930413      Committee Report: Favorable     25
                             with amendment
3454   House   19930210      Introduced, read first time,    25
                             referred to Committee
View additional legislative information at the LPITS web site.

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

(A296, R304, H3454)

AN ACT TO AMEND SECTION 12-51-60, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DELINQUENT TAX SALES, SO AS TO REQUIRE THE COUNTY TREASURER TO MARK UPON THE PUBLIC TAX RECORDS REGARDING REAL PROPERTY SOLD FOR TAXES THAT THE FUNDS USED TO PAY THE DELINQUENT TAXES WERE DERIVED FROM A TAX SALE AND THE DATE OF THE SALE.

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

Public tax records to be marked

SECTION 1. Section 12-51-60 of the 1976 Code is amended to read:

"Section 12-51-60. The successful bidder at the delinquent tax sale shall pay legal tender to the person officially charged with the collection of delinquent taxes in the full amount of the bid on the day of the sale. Upon payment, the person officially charged with the collection of delinquent taxes shall furnish the purchaser a receipt for the purchase money and attach a copy of the receipt to the execution with the endorsement of his actions which must be retained by him. Expenses of the sale must be paid first and the balance of all delinquent tax sale monies collected must be turned over to the treasurer. Upon receipt of the funds, the treasurer shall immediately mark the public tax records regarding the property sold as follows: Paid by tax sale held on (insert date). All other monies received, including any excess due the defaulting taxpayer after payment of delinquent taxes, assessments, penalties, and costs, must be retained, paid out, and accounted for by the delinquent tax collector."

Time effective

SECTION 2. This act takes effect upon approval by the Governor and applies to all property sold in a delinquent tax sale after December 31, 1993.

Approved the 2nd day of March, 1994.