South Carolina General Assembly
123rd Session, 2019-2020

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S. 545

STATUS INFORMATION

General Bill
Sponsors: Senator Alexander
Document Path: l:\s-res\tca\018prop.kmm.tca.docx

Introduced in the Senate on February 20, 2019
Introduced in the House on March 11, 2020
Last Amended on March 4, 2020
Currently residing in the House Committee on Ways and Means

Summary: Property assessment of merchants and other businesses

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   2/20/2019  Senate  Introduced and read first time (Senate Journal-page 7)
   2/20/2019  Senate  Referred to Committee on Finance (Senate Journal-page 7)
    2/5/2020  Senate  Committee report: Favorable with amendment Finance 
                        (Senate Journal-page 23)
    3/4/2020  Senate  Committee Amendment Adopted (Senate Journal-page 80)
    3/4/2020  Senate  Read second time (Senate Journal-page 80)
    3/4/2020  Senate  Roll call Ayes-46  Nays-0 (Senate Journal-page 80)
   3/10/2020  Senate  Read third time and sent to House 
                        (Senate Journal-page 25)
   3/11/2020  House   Introduced and read first time (House Journal-page 41)
   3/11/2020  House   Referred to Committee on Ways and Means 
                        (House Journal-page 41)

View the latest legislative information at the website

VERSIONS OF THIS BILL

2/20/2019
2/5/2020
3/4/2020

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

Indicates Matter Stricken

Indicates New Matter

COMMITTEE AMENDMENT ADOPTED

March 4, 2020

S. 545

Introduced by Senator Alexander

S. Printed 3/4/20--S.

Read the first time February 20, 2019.

            

A BILL

TO AMEND SECTION 12-43-335(A) OF THE 1976 CODE, RELATING TO ASSESSING THE PROPERTY OF MERCHANTS AND OTHER RELATED BUSINESSES, TO REQUIRE THE DEPARTMENT OF REVENUE TO FOLLOW CERTAIN NORTH AMERICAN CLASSIFICATION SYSTEM MANUAL PROVISIONS; AND TO REPEAL SECTION 12-39-70 OF THE 1976 CODE, RELATING TO APPRAISING AND ASSESSING THE PERSONAL PROPERTY OF BUSINESSES UNDER THE JURISDICTION OF THE COUNTY AUDITOR.

Amend Title To Conform

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

SECTION    1.    Section 12-39-70 of the 1976 Code is amended to read:

"Section 12-39-70.    For the purpose of appraising and assessing personal property of businesses and other entities under the jurisdiction of the county auditor, the county auditor must use the department's Form PT-100 and shall follow the classification of the most recent North American Industry Classification System Manual, as follows:

(1)    Sector 11, subsectors 111, 112, 113, 114, and 115, unless exempt;

(2)    Sector 52, subsectors 522, 523, 524, and 525; Sector 53, subsectors 531 and 533; and Sector 55, subsector 551, unless exempt;

(3)    Sector 51, subsector 512; Sector 54, subsector 541; Sector 61, subsector 611; Sector 62, subsectors 621, 622, 623, and 624; Sector 71, subsector 712; Sector 72, subsector 721; and Sector 81, subsectors 813 and 814, unless exempt."

SECTION    2.    This act takes effect upon approval by the Governor and applies to property tax returns due after December 31, 2020.

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This web page was last updated on March 19, 2020 at 1:36 PM