South Carolina Senate Bill 881 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 10 2018 - 25% progression, died in committee
Action: 2018-01-10 - Referred to Committee on Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]

A Bill To Amend Section 12-43-220(c)(1), Relating To Particular Classifications And Assessment Ratios For County Equalization And Reassessment Taxation, To Provide That Accommodations Furnished To Transients For Less Than Thirty Consecutive Days On A Separate Portion Of The Property On Which A Legal Residence Located Shall Be Assessed At A Four-percent Ratio; To Amend Section 12-36-70(1)(b), Relating To Definitions Of "retailer" And "seller" For The South Carolina Sales And Use Tax, To Provide That The Terms Exclude An Individual Furnishing Accommodations For A Consideration On The Same Premises When The Accommodations Furnished Contain Less Than Six Sleeping Rooms; To Amend Section 12-36-920(a), Relating To Tax On Accommodations For Transients, To Provide That The Tax Does Not Apply Where An Individual Furnishes Sleeping Accommodations To Transients On The Same Premises As The Individual's Place Of Abode When The Accommodations Furnished To Transients Contain Less Than Six Sleeping Rooms And To Further Provide That The Gross Proceeds Derived From The Lease Or Rental Of Sleeping Accommodations Supplied To The Same Person For A Period Of Thirty Continuous Days Are Not Considered Proceeds From Transients; And To Amend Section 12-43-220(c)(2)(iv), Relating To Particular Classifications And Assessment Ratios For County Equalization And Reassessment Taxation, To Remove The Provision That A Residence Not Rented For More Than Seventy-two Days In A Calendar Year Will Retain Its Eligibility For The Four-percent Assessment Ratio And To Further Provide That Individuals Engaging In Short-term Rentals Must Also Provide The Assessor With A Sworn Affidavit That He Is In Compliance With A Short-term Rental Ordinance In The Jurisdiction Where The Property Is Located, If Such An Ordinance Exists In The Jurisdiction To Qualify For The Four-percent Assessment Ratio.

Assessment ratios

Sen. Marlon Kimpson [D]

Date	Chamber	Action
2018-01-10	Senate	Referred to Committee on Finance
2018-01-10	Senate	Introduced and read first time

Chapter	Article	Section	Citation Type	Statute Text
12	36	70	(n/a)	See Bill Text
12	36	920	(n/a)	See Bill Text
12	43	220	(n/a)	See Bill Text

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=0881&session=122&summary=B
Text	https://www.scstatehouse.gov/sess122_2017-2018/prever/881_20180110.htm