South Carolina General Assembly
119th Session, 2011-2012

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Indicates Matter Stricken
Indicates New Matter

S. 1086

STATUS INFORMATION

General Bill
Sponsors: Senators Setzler, Ryberg, Massey and Rose
Document Path: l:\council\bills\bbm\10437htc12.docx

Introduced in the Senate on January 11, 2012
Currently residing in the Senate Committee on Finance

Summary: Administrative Tax process

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
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   1/11/2012  Senate  Introduced and read first time (Senate Journal-page 4)
   1/11/2012  Senate  Referred to Committee on Finance (Senate Journal-page 4)

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

1/11/2012

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

A BILL

TO AMEND SECTION 12-60-90, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE ADMINISTRATIVE TAX PROCESS, SO AS TO ALLOW A LICENSED REAL ESTATE PERSON TO REPRESENT A TAXPAYER IN THE PROCESS IN A MATTER LIMITED TO THE ISSUE OF MARKET VALUE OF REAL PROPERTY.

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

SECTION    1.    Section 12-60-90(C) of the 1976 Code, as last amended by Act 116 of 2007, is further amended to read:

"(C)    Taxpayers may be represented during the administrative tax process by:

(1)    the same individuals who may represent them in administrative tax proceedings with the Internal Revenue Service pursuant to Section 10.3(a), (b), and (c), Section 10.7(a), (c)(1)(i) through (c)(1)(vi), and (c)(1)(viii), and Section 10.7(d) and (e) of United States Treasury Department Circular No. 230; and

(2)    a real estate appraiser who is registered, licensed, or certified pursuant to Chapter 60, of Title 40 during the administrative tax process in a matter limited to questions concerning the valuation of real property; and

(3)    a real estate licensee who is licensed pursuant to Chapter 57, Title 40 during the administrative tax process in a matter limited to questions concerning the market value of real property."

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

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