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Bill 4619

                    Current Status

Bill Number:                      4619
Type of Legislation:              General Bill GB
Introducing Body:                 House
Introduced Date:                  20000215
Primary Sponsor:                  Gamble
All Sponsors:                     Gamble, Knotts, Frye, Huggins, Riser, 
                                  Stuart and Whatley
Drafted Document Number:          l:\council\bills\psd\7067sd00.doc
Residing Body:                    House
Current Committee:                Ways and Means Committee 30 HWM
Subject:                          Property tax installment payments, 
                                  counties to allow to pay in monthly 
                                  installments; Political Subdivisions, Taxation


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
House   20000215  Introduced, read first time,           30 HWM
                  referred to Committee


              Versions of This Bill

TO AMEND SECTION 12-45-75, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE AUTHORITY OF A COUNTY GOVERNING BODY TO PERMIT AD VALOREM TAXES ON REAL PROPERTY TO BE PAID IN QUARTERLY INSTALLMENTS AND THE AUTHORITY TO PERMIT DISCOUNTS ON SUCH TAXES PAID IN ADVANCE, SO AS TO AUTHORIZE A COUNTY GOVERNING BODY TO ALSO PERMIT THE PAYMENT OF AD VALOREM TAXES ON REAL PROPERTY IN MONTHLY INSTALLMENTS.

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

SECTION 1. Section 12-45-75(A) of the 1976 Code, as amended by Act 145 of 1995, is further amended to read:

"(A) The governing body of a county may by ordinance allow a taxpayer to elect to pay all ad valorem taxes on real property located in the county in quarterly or monthly installments. No installment election is allowed for taxes paid through an escrow account.

The ordinance must specify the installment due dates and it may provide for installments due and payable before January fifteenth, but the final installment due date must be January fifteenth. The ordinance may provide for a service charge of not more than two dollars on installment payments. For purposes of payment and collection, these service charges are deemed property taxes. The ordinance may not provide penalties for late installments."

SECTION 2. This act takes effect upon approval by the Governor.

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