South Carolina General Assembly
124th Session, 2021-2022

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H. 3482

STATUS INFORMATION

General Bill
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)

View the latest legislative information at the website

VERSIONS OF THIS BILL

12/16/2020
3/18/2021
3/19/2021
5/5/2021

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

Indicates Matter Stricken

Indicates New Matter

COMMITTEE REPORT

May 5, 2021

H. 3482

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.

            

THE COMMITTEE ON FINANCE

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

REPORT:

That they have duly and carefully considered the same and recommend that the same do pass:

HUGH K. LEATHERMAN, SR. for Committee.

            

STATEMENT OF ESTIMATED FISCAL IMPACT

Explanation of Fiscal Impact

Local Revenue

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

A BILL

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.

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This web page was last updated on May 7, 2021 at 9:45 AM