H 3695 {Rat #128, Act #126 of 2020} General Bill, By Calhoon, Huggins, Taylor, 
Allison, Ballentine, Forrest, Simmons, Spires, Toole, Wooten, Hill and Jones
 AN ACT TO AMEND SECTION 12-37-2680, CODE OF LAWS OF SOUTH CAROLINA, 1976,
 RELATING TO THE ASSESSED VALUE OF A VEHICLE, SO AS TO REQUIRE THAT THE VALUE
 GUIDES INCLUDE ADJUSTMENTS FOR HIGH MILEAGE AND TO PROVIDE THAT IF HIGH
 MILEAGE DATA IS NOT AVAILABLE FOR MOTORCYCLES AND MOTORCYCLE THREE-WHEEL
 VEHICLES, THE ADJUSTMENT FOR SUCH MOTORCYCLES SHALL EQUAL TWO-THIRDS OF THE
 ADJUSTMENT FOR OTHER MOTOR VEHICLES. - ratified title
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   01/22/19  House  Introduced and read first time (House Journal-page 27)
   01/22/19  House  Referred to Committee on Education and Public
                     Works (House Journal-page 27)
   01/14/20  House  Member(s) request name added as sponsor: Hill
   01/15/20  House  Committee report: Favorable with amendment
                     Education and Public Works (House Journal-page 5)
   01/21/20  House  Member(s) request name added as sponsor: Jones
   01/21/20  House  Amended (House Journal-page 42)
   01/21/20  House  Read second time (House Journal-page 42)
   01/21/20  House  Roll call Yeas-117  Nays-0 (House Journal-page 43)
   01/22/20  House  Read third time and sent to Senate
                     (House Journal-page 11)
   01/23/20  Senate Introduced and read first time (Senate Journal-page 8)
   01/23/20  Senate Referred to Committee on Transportation
                     (Senate Journal-page 8)
   02/05/20  Senate Committee report: Favorable Transportation
                     (Senate Journal-page 24)
   03/04/20  Senate Read second time (Senate Journal-page 85)
   03/04/20  Senate Roll call Ayes-46  Nays-0 (Senate Journal-page 85)
   03/10/20  Senate Read third time and enrolled (Senate Journal-page 28)
   03/19/20         Ratified R  128
   03/24/20         Signed By Governor
   03/26/20         Effective date  03/24/20
   03/26/20         Act No.  126

(A126, R128, H3695)

AN ACT TO AMEND SECTION 12-37-2680, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE ASSESSED VALUE OF A VEHICLE, SO AS TO REQUIRE THAT THE VALUE GUIDES INCLUDE ADJUSTMENTS FOR HIGH MILEAGE AND TO PROVIDE THAT IF HIGH MILEAGE DATA IS NOT AVAILABLE FOR MOTORCYCLES AND MOTORCYCLE THREE-WHEEL VEHICLES, THE ADJUSTMENT FOR SUCH MOTORCYCLES SHALL EQUAL TWO-THIRDS OF THE ADJUSTMENT FOR OTHER MOTOR VEHICLES.

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

Taxation, high mileage and motorcycles

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

"Section 12-37-2680.    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, to include appropriate adjustments to those values to reflect high mileage. If the department determines that specific high mileage adjustments for motorcycles or motorcycle three-wheel vehicles are not reasonably available from a specific source, the high mileage threshold requirements for motorcycles, or motorcycle three-wheel vehicles are deemed to be two-thirds of the average of such adjustments for other private passenger motor vehicles for which such information is available, as determined by the department. 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."

Time effective

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

Ratified the 19th day of March, 2020.

Approved the 24th day of March, 2020.