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Current Status Bill Number:View additional legislative information at the LPITS web site.318 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19990114 Primary Sponsor:Cork All Sponsors:Cork Drafted Document Number:l:\council\bills\dka\3112htc99.doc Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:Motor vehicle property taxes, high mileage deduction; new application unnecessary, Taxation History Body Date Action Description Com Leg Involved ______ ________ ______________________________________ _______ ____________ Senate 19990114 Introduced, read first time, 06 SF referred to Committee Versions of This Bill
TO AMEND SECTION 12-37-2680, AS AMENDED, 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.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-37-2680 of the 1976 Code, as last amended by Act 60 of 1995, is further 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 on the first day of the third month following approval by the Governor and applies for motor vehicle tax years beginning on and after that date.
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