South Carolina General Assembly
107th Session, 1987-1988

Bill 3367

                    Current Status

Bill Number:               3367
Ratification Number:       359
Act Number                 344
Introducing Body:          House
Subject:                   Property tax returns
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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A344, R359, H3367)

AN ACT TO AMEND SECTION 12-37-800, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE PENALTY FOR FAILURE TO LIST PERSONAL PROPERTY FOR PURPOSES OF AD VALOREM TAXATION, SO AS TO INCLUDE REAL PROPERTY WITHIN THE PENALTY PROVISION.

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

Property tax returns

SECTION 1. Section 12-37-800 of the 1976 Code is amended to read:

"Section 12-37-800. If a person fails to list the real or personal property he is required by law to list in any one year, the value of the property may be charged against him for taxation with a ten percent penalty added, and the taxes and penalty collected as in other cases. Upon good cause shown, the commission may waive or reduce the penalty charged in this section on property required to be listed with the commission."

Tax years applicable

SECTION 2. The amendment to Section 12-37-800 of the 1976 Code contained in this act is effective for taxable years beginning after December 31, 1987.

Time effective

SECTION 3. This act takes effect upon approval by the Governor.