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Indicates Matter Stricken
Indicates New Matter
Sponsors: Reps. Stavrinakis, Kirby, Pendarvis, J. Moore, Henegan, Wetmore, Weeks, Wheeler and Henderson-Myers
Document Path: l:\council\bills\nbd\11120dg21.docx
Introduced in the House on January 12, 2021
Introduced in the Senate on April 7, 2021
Currently residing in the Senate
Summary: Property tax, installment payments
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 12/16/2020 House Prefiled 12/16/2020 House Referred to Committee on Ways and Means 1/12/2021 House Introduced and read first time (House Journal-page 207) 1/12/2021 House Referred to Committee on Ways and Means (House Journal-page 207) 1/13/2021 House Member(s) request name added as sponsor: Pendarvis 2/25/2021 House Member(s) request name added as sponsor: J.Moore, Henegan 3/9/2021 House Member(s) request name added as sponsor: Wetmore 3/17/2021 House Member(s) request name added as sponsor: Weeks 3/18/2021 House Committee report: Favorable Ways and Means (House Journal-page 42) 3/19/2021 Scrivener's error corrected 4/6/2021 House Member(s) request name added as sponsor: Wheeler, Henderson-Myers 4/6/2021 House Read second time (House Journal-page 87) 4/6/2021 House Roll call Yeas-110 Nays-0 (House Journal-page 87) 4/7/2021 House Read third time and sent to Senate (House Journal-page 14) 4/7/2021 Senate Introduced and read first time (Senate Journal-page 5) 4/7/2021 Senate Referred to Committee on Finance (Senate Journal-page 5) 5/5/2021 Senate Committee report: Favorable Finance (Senate Journal-page 9) 5/6/2021 Senate Read second time (Senate Journal-page 43) 5/6/2021 Senate Roll call Ayes-45 Nays-0 (Senate Journal-page 43)
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VERSIONS OF THIS BILL
Indicates Matter Stricken
Indicates New Matter
May 5, 2021
Introduced by Reps. Stavrinakis, Kirby, Pendarvis, J. Moore, Henegan, Wetmore, Weeks, Wheeler and Henderson-Myers
S. Printed 5/5/21--S.
Read the first time April 7, 2021.
To whom was referred a Bill (H. 3482) to amend Section 12-45-75, Code of Laws of South Carolina, 1976, relating to installment payments of property tax, so as to authorize a county to, etc., respectfully
That they have duly and carefully considered the same and recommend that the same do pass:
HUGH K. LEATHERMAN, SR. for Committee.
Explanation of Fiscal Impact
This bill allows counties to authorize an ordinance to grant flexibility in the scheduling and collection of installment payments for taxpayers for property taxes due. Currently, installment payments for property taxes due are based on five installments to be paid no later than the 15th of every other month from February through October, with a final balancing payment due on the fifteenth of January in the following taxable year, pursuant to Section 12-45-70. This bill creates flexibility in the timing of the collection of property taxes due. This bill is permissive in nature and therefore may result in a shift of the timing of property taxes collected at the discretion of the counties.
Frank A. Rainwater, Executive Director
Revenue and Fiscal Affairs Office
TO AMEND SECTION 12-45-75, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO INSTALLMENT PAYMENTS OF PROPERTY TAX, SO AS TO AUTHORIZE A COUNTY TO ESTABLISH AN ALTERNATIVE PAYMENT SCHEDULE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-45-75(B) of the 1976 Code is amended to read:
"(B)(1) An installment payment is based on the total property tax due for the previous property tax year, after applying all applicable credits and adjustments reflecting reduced value as determined by the county assessor. An amount equal to sixteen and two-thirds percent of the estimated property tax obligation must be paid to the county treasurer in each of five installments according to the following schedule:
In the case of the following estimates, the due date is on or before:
First February 15
Second April 15
Third June 15
Fourth August 15
Fifth October 15
The remaining balance is due on or before January fifteenth of the following taxable year in accordance with Section 12-45-70. The treasurer must notify the county auditor of the amount of a property owner's payments received no earlier than October fifteenth and no later than November fifteenth. A notice of the remaining tax due and other authorized charges and information must then be prepared and mailed to the property owner.
(2) As an alternative to the scheduling provided for in item (1), the authorizing ordinance may provide the treasurer, tax collector, or other official charged with the collection of ad valorem property taxes in a county with the discretion in the scheduling and collection of installment payments from taxpayers as well as in the application process provided for in subsection (A)(2)."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on May 7, 2021 at 9:45 AM