South Carolina General Assembly
121st Session, 2015-2016

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Indicates New Matter

H. 3561

STATUS INFORMATION

General Bill
Sponsors: Reps. McKnight, Bamberg and King
Document Path: l:\council\bills\bbm\9200dg15.docx

Introduced in the House on February 11, 2015
Currently residing in the House Committee on Ways and Means

Summary: Motor vehicle assessed value

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
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   2/11/2015  House   Introduced and read first time (House Journal-page 7)
   2/11/2015  House   Referred to Committee on Ways and Means 
                        (House Journal-page 7)

View the latest legislative information at the website

VERSIONS OF THIS BILL

2/11/2015

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

A BILL

TO AMEND SECTION 12-37-2680, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DETERMINATION OF THE ASSESSED VALUE OF A VEHICLE, SO AS TO REQUIRE THE DEPARTMENT OF REVENUE TO POST ITS VALUE GUIDES AND MANUALS ON ITS WEBSITE, AND TO ALLOW THE DEPARTMENT TO DETERMINE VALUES IN A DIFFERENT MANNER IF THE NATIONALLY RECOGNIZED PUBLICATION PROHIBITS ITS PUBLIC PUBLISHING.

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

SECTION    1.    Section 12-37-2680 of the 1976 Code is amended to read:

"Section 12-37-2680.    (A)    The assessed value of the vehicle must be determined as of the first day of the month preceding the beginning of the tax year for the vehicles. The assessed values must be published in guides or manuals by the South Carolina Department of Revenue and provided to the auditor of each county as often as may be necessary to provide for current values. Also, the guides or manuals must be posted in a conspicuous place on the Department of Revenue's website. When the value of any vehicle is not set forth in the guide or manual the auditor shall determine the value from other available information.

(B)    Notwithstanding Section 12-37-930, if the department derives its vehicle values from a nationally recognized publication that prohibits its public publishing, then the department may determine vehicle values using other available information."

SECTION    2.    This act takes effect January 1, 2016.

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This web page was last updated on February 17, 2015 at 2:01 PM