Current Status Introducing Body:House Bill Number:3755 Primary Sponsor:Sharpe Committee Number:30 Type of Legislation:GB Subject:Motor Vehicle International Reciprocity Plan Residing Body:House Current Committee:Ways and Means Computer Document Number:CYY/18376.SD Introduced Date:Mar 28, 1991 Last History Body:House Last History Date:Mar 28, 1991 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Sharpe Smith Huff Rudnick Type of Legislation:General Bill
Bill Body Date Action Description CMN
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3755 House Mar 28, 1991 Introduced, read first time, 30
referred to Committee
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TO AMEND SECTION 12-37-2610, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE TAX YEAR ON MOTOR VEHICLES, SO AS TO DELETE CERTAIN EXEMPTIONS TO THE PROVISIONS OF THE SECTION INVOLVING MOTOR VEHICLE DEALERS AND MOTOR VEHICLES REGISTERED UNDER THE INTERNATIONAL RECIPROCITY PLAN, AND TO AMEND THE 1976 CODE BY ADDING SECTION 12-37-2625 SO AS TO PROVIDE THAT A PERSON MAY TRANSFER A LICENSE FROM ONE VEHICLE TO ANOTHER WITHOUT PAYMENT OF AN ADDITIONAL PROPERTY TAX PROVIDED THE OWNERSHIP OF THE VEHICLE FROM WHICH THE LICENSE IS TRANSFERRED BECOMES VESTED IN A PERSON OTHER THAN A MEMBER OF THE TRANSFEREE'S IMMEDIATE FAMILY.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The General Assembly finds that the counties and cities of the State are losing large amounts of ad valorem property taxes on motor vehicles. The loss is directly attributable to the fact that the taxes are not paid because of the present provisions of law that defer payment for vehicles acquired from a licensed motor vehicle dealer. The purpose of this legislation is to place the taxation of all motor vehicles on the same footing and to remove the statutory means for defeating the payment of the tax.
SECTION 2. Section 12-37-2610 of the 1976 Code is amended to read:
"Section 12-37-2610. The tax year for motor vehicles begins with the last day of the month in which a license required by Section 56-3-110 is issued and ends on the last day of the month in which the license expires or is due to expire. No license may be issued for motor vehicles until the ad valorem tax is paid for the year for which the license is to be issued. Motor vehicles registered under the International Reciprocity Plan may pay ad valorem property taxes on a semiannual basis. The provisions of this section do not apply to sales of motor vehicles by a licensed motor vehicle dealer that do not involve the transfer of a license plate. Notice of the sales must be furnished to the Department along with other documents necessary for the registration and licensing of the vehicle concerned. The notice must be received by the Department as a prerequisite to the registration and licensing of the vehicle and must include the name and address of the purchaser, the vehicle identification number, and the year and model of the vehicle. The notice must be an original and one copy, and the copy must be provided by the Department to the auditor of the county in which the vehicle is taxable. All ad valorem taxes on a vehicle are due and payable one hundred twenty days from the date of purchase. The notice and the time in which to pay the tax applies to motor vehicles that are serviced and delivered by a licensed motor vehicle dealer for the benefit of an out-of-state dealer."
SECTION 3. The 1976 Code is amended by adding:
"Section 12-37-2625. A person may transfer a license from one vehicle to another without payment of an additional property tax provided the ownership of the vehicle from which the license is transferred becomes vested in a person other than a member of the transferee's immediate family. `Immediate family' means husband, wife, son, daughter, and all others residing in the transferee's household."
SECTION 4. This act takes effect upon approval by the Governor.