Current Status Introducing Body:House Bill Number:4806 Primary Sponsor:Rudnick Committee Number:30 Type of Legislation:GB Subject:Property taxes, monthly payment of Residing Body:House Current Committee:Ways and Means Computer Document Number:JIC/6458.HC Introduced Date:Apr 30, 1992 Last History Body:House Last History Date:Apr 30, 1992 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Rudnick Type of Legislation:General Bill
Bill Body Date Action Description CMN
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4806 House Apr 30, 1992 Introduced, read first time, 30
referred to Committee
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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-45-75 SO AS TO AUTHORIZE THE MONTHLY PAYMENT OF PROPERTY TAXES ON OWNER OCCUPIED RESIDENTIAL PROPERTY.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 45, Title 12 of the 1976 Code is amended by adding:
"Section 12-45-75. Notwithstanding any other provision of this chapter or of Chapter 51 of this title, the owner of property receiving the assessment ratio allowed pursuant to Section 12-43-220(c) may elect to pay property taxes on the property in monthly installments. The taxpayer makes this election by filing an election form prescribed by the South Carolina Tax Commission with the county treasurer. The monthly payment is the amount determined by dividing the total tax due by twelve. Payments are due and payable on the first day of the month beginning with the month after the taxpayer receives the tax notice on the property. A monthly payment not actually received in the treasurer's office on or before the tenth of the month, or if mailed, not postmarked on or before the tenth of the month, is considered delinquent. If more than two monthly payments are delinquent, the election is revoked and the entire balance of the tax is due and payable on the later of the next monthly due date or January fifteenth succeeding the tax year. A balance due as a result of delinquency after January fifteenth is subject to the penalties provided in Section 12-45-180. A person electing to make monthly payments may pay the remaining balance due at any time during the applicable year. The treasurer may refuse to allow the election provided by this section if the taxpayer's election for a prior tax year was revoked for delinquency."
SECTION 2. This act takes effect upon approval by the Governor and first applies for taxes due for the 1992 tax year.