H 3482 {Rat #85, Act #69 of 2021} General Bill, By Stavrinakis, Kirby, Pendarvis, 
J.Moore, Henegan, Wetmore, Weeks, Wheeler and Henderson-Myers
 AN ACT TO AMEND SECTION 12-45-75, CODE OF LAWS OF SOUTH CAROLINA, 1976,
 RELATING TO INSTALLMENT PAYMENTS OF PROPERTY TAX, SO AS TO AUTHORIZE A COUNTY
 TO ESTABLISH AN ALTERNATIVE PAYMENT SCHEDULE. - ratified title

   12/16/20  House  Prefiled
   12/16/20  House  Referred to Committee on Ways and Means
   01/12/21  House  Introduced and read first time (House Journal-page 207)
   01/12/21  House  Referred to Committee on Ways and Means
                     (House Journal-page 207)
   01/13/21  House  Member(s) request name added as sponsor: Pendarvis
   02/25/21  House  Member(s) request name added as sponsor: J.Moore,
                     Henegan
   03/09/21  House  Member(s) request name added as sponsor: Wetmore
   03/17/21  House  Member(s) request name added as sponsor: Weeks
   03/18/21  House  Committee report: Favorable Ways and Means
                     (House Journal-page 42)
   03/19/21         Scrivener's error corrected
   04/06/21  House  Member(s) request name added as sponsor: Wheeler,
                     Henderson-Myers
   04/06/21  House  Read second time (House Journal-page 87)
   04/06/21  House  Roll call Yeas-110  Nays-0 (House Journal-page 87)
   04/07/21  House  Read third time and sent to Senate
                     (House Journal-page 14)
   04/07/21  Senate Introduced and read first time (Senate Journal-page 5)
   04/07/21  Senate Referred to Committee on Finance
                     (Senate Journal-page 5)
   05/05/21  Senate Committee report: Favorable Finance
                     (Senate Journal-page 9)
   05/06/21  Senate Read second time (Senate Journal-page 43)
   05/06/21  Senate Roll call Ayes-45  Nays-0 (Senate Journal-page 43)
   05/11/21  Senate Read third time and enrolled (Senate Journal-page 14)
   05/13/21         Ratified R  85
   05/17/21         Signed By Governor
   06/01/21         Effective date  05/17/21
   06/01/21         Act No.  69

(A69, R85, H3482)

AN ACT TO AMEND SECTION 12-45-75, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO INSTALLMENT PAYMENTS OF PROPERTY TAX, SO AS TO AUTHORIZE A COUNTY TO ESTABLISH AN ALTERNATIVE PAYMENT SCHEDULE.

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

Property tax installment payment schedule

SECTION    1.    Section 12-45-75(B) of the 1976 Code is amended to read:

"(B)(1)    An installment payment is based on the total property tax due for the previous property tax year, after applying all applicable credits and adjustments reflecting reduced value as determined by the county assessor. An amount equal to sixteen and two-thirds percent of the estimated property tax obligation must be paid to the county treasurer in each of five installments according to the following schedule:

In the case of the following estimates, the due date is on or before:

First                                February 15

Second                            April 15

Third                            June 15

Fourth                            August 15

Fifth                                October 15

The remaining balance is due on or before January fifteenth of the following taxable year in accordance with Section 12-45-70. The treasurer must notify the county auditor of the amount of a property owner's payments received no earlier than October fifteenth and no later than November fifteenth. A notice of the remaining tax due and other authorized charges and information must then be prepared and mailed to the property owner.

(2)    As an alternative to the scheduling provided for in item (1), the authorizing ordinance may provide the treasurer, tax collector, or other official charged with the collection of ad valorem property taxes in a county with the discretion in the scheduling and collection of installment payments from taxpayers as well as in the application process provided for in subsection (A)(2)."

Time effective

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

Ratified the 13th day of May, 2021.

Approved the 17th day of May, 2021.