Scroll to History Page
Scroll to Previous Versions Links List
Scroll to Full Text
Download This Bill in Microsoft Word format

Bill 3353

                    Current Status

Bill Number:                      3353
Type of Legislation:              General Bill GB
Introducing Body:                 House
Introduced Date:                  20010125
Primary Sponsor:                  Bales
All Sponsors:                     Bales
Drafted Document Number:          l:\council\bills\bbm\9783htc01.doc
Residing Body:                    House
Current Committee:                Ways and Means Committee 30 HWM
Subject:                          Property tax exemptions, personal motor 
                                  vehicles, motorcycles; five thousand dollars 
                                  of fair market value


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
House   20010125  Introduced, read first time,           30 HWM
                  referred to Committee


              Versions of This Bill

TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO EXEMPTIONS FROM PROPERTY TAX, SO AS TO EXEMPT FROM PROPERTY TAX FIVE THOUSAND DOLLARS OF THE FAIR MARKET VALUE OF PRIVATE PASSENGER MOTOR VEHICLES AND MOTORCYCLES; AND TO AMEND SECTION 12-37-2640, RELATING TO THE DETERMINATION OF VALUE OF MOTOR VEHICLES AND MINIMUM AND MAXIMUM ASSESSED VALUES FOR CERTAIN MOTOR VEHICLES, SO AS TO CONFORM THE SECTION TO THE ADDITIONAL EXEMPTIONS ADDED BY THIS ACT.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Section 12-37-220(B) of the 1976 Code, as last amended by Act 404 of 2000, is further amended by adding an appropriately numbered item at the end to read:

        "( )    Five thousand dollars of the fair market value of a private passenger motor vehicle as defined in Section 56-3-630 and five thousand dollars of the fair market value of a motorcycle."

SECTION    2.    Section 12-37-2640 of the 1976 Code is amended to read:

    "Section 12-37-2640.        The auditor shall determine the assessed value of the motor vehicle and shall calculate the amount of taxes on the vehicle. However, in the case of motor vehicles whose model year is fifteen years or more prior to the tax year, the assessed value is fifty dollars, and in the case of a motor vehicle whose model year is less than fifteen years prior to the tax year, the assessed value must not be less than fifty dollars. If the assessed value of a motor vehicle is less than fifty dollars after an exemption is applied, then the vehicle is deemed to have no assessed value and is not subject to tax. The millage to be applied to motor vehicles licensed during January through December of each year must be that applied to other taxable property within the county, school district, special or tax district, and, if applicable, the municipality for the preceding regular tax year."

SECTION    3.    This act takes effect July 1, 2001, and applies with respect to motor vehicle tax years beginning after June 30, 2001.

This web page was last updated on Tuesday, December 8, 2009 at 11:20 A.M.