South Carolina General Assembly
116th Session, 2005-2006

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A340, R443, S1044

STATUS INFORMATION

General Bill
Sponsors: Senator O'Dell
Document Path: l:\council\bills\gjk\20702sd06.doc

Introduced in the Senate on January 17, 2006
Introduced in the House on March 8, 2006
Last Amended on March 2, 2006
Passed by the General Assembly on June 1, 2006
Governor's Action: June 10, 2006, Signed

Summary: Property taxes

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   1/17/2006  Senate  Introduced and read first time SJ-6
   1/17/2006  Senate  Referred to Committee on Finance SJ-6
    3/1/2006  Senate  Committee report: Favorable with amendment Finance SJ-22
    3/2/2006  Senate  Amended SJ-18
    3/2/2006  Senate  Read second time SJ-18
    3/7/2006  Senate  Read third time and sent to House SJ-9
    3/8/2006  House   Introduced and read first time HJ-6
    3/8/2006  House   Referred to Committee on Ways and Means HJ-6
   5/30/2006  House   Recalled from Committee on Ways and Means HJ-30
   5/31/2006  House   Read second time HJ-38
    6/1/2006  House   Read third time and enrolled HJ-22
    6/7/2006          Ratified R 443
   6/10/2006          Signed By Governor
   6/14/2006          Copies available
   6/14/2006          Effective date 06/10/06
   6/16/2006          Act No. 340

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

1/17/2006
3/1/2006
3/2/2006
5/30/2006

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

(A340, R443, S1044)

AN ACT TO AMEND SECTION 12-45-430, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE ISSUANCE OF TAX RECEIPTS BY A COUNTY TREASURER UPON FULL PAYMENT OF THE TAXES AND CHARGES DUE, SO AS TO PROVIDE THAT A COUNTY TREASURER MAY ACCEPT A LESSER AMOUNT THAN THE ORIGINAL TAX BILL TOGETHER WITH ANY APPLICABLE PENALTIES, COSTS, AND CHARGES WHENEVER A BANKRUPTCY PROCEEDING AUTHORIZES A LESSER AMOUNT TO BE PAID, AND TO PROVIDE THAT THE AUDITOR, AS AUTHORIZED BY COUNTY COUNCIL, MAY PREPARE A TAX BILL TO AUTHORIZE NEGOTIATED TAXES AS A RESULT OF A BANKRUPTCY.

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

Lesser amount may be paid

SECTION    1.    Section 12-45-430 of the 1976 Code, as added by Act 145 of 2005, is amended to read:

"Section 12-45-430.    A county treasurer may not issue a tax receipt to a taxpayer unless the taxes, any applicable penalties and costs, and all other charges included on the tax bill have been paid in full. However, a county treasurer may accept a lesser amount than the original tax bill together with any applicable penalties, costs, and charges whenever a bankruptcy proceeding authorizes a lesser amount to be paid. The auditor, as authorized by county council, may prepare a tax bill to authorize negotiated taxes as a result of a bankruptcy."

Time effective

SECTION    2.    This act takes effect upon approval by the Governor.

Ratified the 7th day of June, 2006.

Approved the 10th day of June, 2006.

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