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A126, R128, H3695
Sponsors: Reps. Calhoon, Huggins, Taylor, Allison, Ballentine, Forrest, Matthews, Spires, Toole, Wooten, Hill and Jones
Document Path: l:\council\bills\gt\5621cm19.docx
Introduced in the House on January 22, 2019
Introduced in the Senate on January 23, 2020
Last Amended on January 21, 2020
Passed by the General Assembly on March 10, 2020
Governor's Action: March 24, 2020, Signed
Summary: Private passenger vehicles
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 1/22/2019 House Introduced and read first time (House Journal-page 27) 1/22/2019 House Referred to Committee on Education and Public Works (House Journal-page 27) 1/14/2020 House Member(s) request name added as sponsor: Hill 1/15/2020 House Committee report: Favorable with amendment Education and Public Works (House Journal-page 5) 1/21/2020 House Member(s) request name added as sponsor: Jones 1/21/2020 House Amended (House Journal-page 42) 1/21/2020 House Read second time (House Journal-page 42) 1/21/2020 House Roll call Yeas-117 Nays-0 (House Journal-page 43) 1/22/2020 House Read third time and sent to Senate (House Journal-page 11) 1/23/2020 Senate Introduced and read first time (Senate Journal-page 8) 1/23/2020 Senate Referred to Committee on Transportation (Senate Journal-page 8) 2/5/2020 Senate Committee report: Favorable Transportation (Senate Journal-page 24) 3/4/2020 Senate Read second time (Senate Journal-page 85) 3/4/2020 Senate Roll call Ayes-46 Nays-0 (Senate Journal-page 85) 3/10/2020 Senate Read third time and enrolled (Senate Journal-page 28) 3/19/2020 Ratified R 128 3/24/2020 Signed By Governor 3/26/2020 Effective date 03/24/20 3/26/2020 Act No. 126
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VERSIONS OF THIS BILL
(A126, R128, H3695)
AN ACT TO AMEND SECTION 12-37-2680, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE ASSESSED VALUE OF A VEHICLE, SO AS TO REQUIRE THAT THE VALUE GUIDES INCLUDE ADJUSTMENTS FOR HIGH MILEAGE AND TO PROVIDE THAT IF HIGH MILEAGE DATA IS NOT AVAILABLE FOR MOTORCYCLES AND MOTORCYCLE THREE-WHEEL VEHICLES, THE ADJUSTMENT FOR SUCH MOTORCYCLES SHALL EQUAL TWO-THIRDS OF THE ADJUSTMENT FOR OTHER MOTOR VEHICLES.
Be it enacted by the General Assembly of the State of South Carolina:
Taxation, high mileage and motorcycles
SECTION 1. Section 12-37-2680 of the 1976 Code is amended to read:
"Section 12-37-2680. 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, to include appropriate adjustments to those values to reflect high mileage. If the department determines that specific high mileage adjustments for motorcycles or motorcycle three-wheel vehicles are not reasonably available from a specific source, the high mileage threshold requirements for motorcycles, or motorcycle three-wheel vehicles are deemed to be two-thirds of the average of such adjustments for other private passenger motor vehicles for which such information is available, as determined by the department. 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."
SECTION 2. This act takes effect upon approval by the Governor.
Ratified the 19th day of March, 2020.
Approved the 24th day of March, 2020.
This web page was last updated on May 20, 2020 at 1:57 PM