Current Status Bill Number:
76Type of Legislation: General Bill GBIntroducing Body: SenateIntroduced Date: 19950110Primary Sponsor: McConnellAll Sponsors: McConnell, Rose, Wilson, Rankin, Elliott, CoursonDrafted Document Number: JIC\5037HTC.95Residing Body: SenateCurrent Committee: Finance Committee 06 SFSubject: Property tax payments when under appeal
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ Senate 19950110 Introduced, read first time, 06 SF referred to Committee Senate 19941003 Prefiled, referred to Committee 06 SFView additional legislative information at the LPITS web site.
TO AMEND SECTION 12-43-305, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PAYMENT OF PROPERTY TAXES WHEN THE VALUATION OF THE PROPERTY IS UNDER APPEAL, SO AS TO PROVIDE THAT NO INTEREST IS DUE ON UNDERPAYMENTS FOR THE FIRST TWO MONTHS THE PROPERTY REMAINS ON APPEAL AFTER THE DUE DATE AND TO PROVIDE THAT NO INTEREST IS DUE ON AN UNDERPAYMENT IF THE BOARD OF ASSESSMENT APPEALS FAILS TO ACT ON THE APPEAL WITHIN SIXTY DAYS OF THE DATE THE APPEAL IS FILED WITH THE BOARD.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-43-305 of the 1976 Code, as last amended by Section 222 of Act 181 of 1993, is further amended by adding a paragraph at the end to read:
"Notwithstanding the provisions of this section, no interest is due on an underpayment for the first sixty days the value of the property remains on appeal after the due date. No interest in any amount is due on an underpayment when a final decision of the board of assessment appeals is not rendered within sixty days of the date the appeal was filed with the board, regardless of the outcome of the appeal."
SECTION 2. This act takes effect upon approval by the Governor.