Current Status Bill Number:
1080Type of Legislation: General Bill GBIntroducing Body: SenateIntroduced Date: 19980303Primary Sponsor: CorkAll Sponsors: CorkDrafted Document Number: res1627.hacCompanion Bill Number: 3992Residing Body: SenateCurrent Committee: Finance Committee 06 SFSubject: Motor vehicle property taxes, high mileage deduction; Taxation, Property, exemptions
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ Senate 19980303 Introduced, read first time, 06 SF referred to CommitteeView additional legislative information at the LPITS web site.
TO AMEND SECTION 12-37-2680, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO VEHICLE ASSESSMENTS, SO AS TO PROVIDE THAT IF A TAXPAYER APPEALS THE RATE OF ASSESSMENT ON A VEHICLE BECAUSE OF HIGH MILEAGE AND THE RATE OF ASSESSMENT IS REDUCED, NO ADDITIONAL FILING IS NECESSARY FOR AS LONG AS THE TAXPAYER OWNS THE VEHICLE.
SECTION 1. Section 12-37-2680 of the 1976 Code is amended to read:
"Section 12-37-2680. (A) The assessed value of the vehicle must be determined as of the first day of the month preceding the beginning of the tax year for the vehicles. The assessed values must be published in guides or manuals by the South Carolina Department of Revenue and provided to the auditor of each county as often as may be necessary to provide for current values. When the value of any vehicle is not set forth in the guide or manual the auditor shall determine the value from other available information.
(B) If a taxpayer's appeal results in a reduction in the total rate of assessment for a vehicle as valued in subsection (A) because of high mileage, then no additional annual appeal is required to be filed to receive the reduction for as long as the taxpayer owns the vehicle. This shall not prohibit a taxpayer from appealing a future vehicle assessment for high mileage, if the rate of assessment on the vehicle may be further reduced."
SECTION 2. This act takes effect upon approval by the Governor.