Bill Text: SC S0748 | 2023-2024 | 125th General Assembly | Introduced


Bill Title: Property assessment for merchants

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2023-04-25 - Referred to Committee on Finance [S0748 Detail]

Download: South_Carolina-2023-S0748-Introduced.html
2023-2024 Bill 748 Text of Previous Version (Apr. 25, 2023) - South Carolina Legislature Online

South Carolina General Assembly
125th Session, 2023-2024

Bill 748


Indicates Matter Stricken
Indicates New Matter


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

 

 

 

 

 

 

 

 

A bill

 

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-43-335(A), RELATING TO ASSESSING THE PROPERTY OF MERCHANTS AND OTHER RELATED BUSINESSES, SO AS TO REQUIRE THE DEPARTMENT OF REVENUE TO FOLLOW CERTAIN NORTH AMERICAN CLASSIFICATION SYSTEM MANUAL PROVISIONS; AND BY REPEALING SECTION 12-39-70 RELATING TO CLASSIFICATIONS FOR PURPOSES OF APPRAISING AND ASSESSING PERSONAL PROPERTY.

 

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

 

SECTION 1.  Section 12-43-335(A) is amended by adding:

 

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

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

       (9) 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.  Section 12-39-70 of the S.C. Code is repealed.

 

SECTION 3.  This act takes effect upon approval by the Governor and applies to property tax returns due after December 31, 2026.

----XX----

This web page was last updated on April 25, 2023 at 12:31 PM

feedback