S 56: A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-60-2950 SO AS TO PROVIDE THAT IF A PROPERTY TAXPAYER OBJECTS TO A MOTOR VEHICLE TAX ASSESSMENT, AND THE TAXPAYER PRODUCES A BILL OF SALE THAT REFLECTS A SALES PRICE LOWER THAN THE ASSESSMENT, THEN THE AUDITOR MUST REDUCE THE ASSESSMENT TO THE SALES PRICE, AND TO PROVIDE THAT ANY REBATE OR OTHER SALES INCENTIVE MUST BE SUBTRACTED FROM THE ASSESSMENT.
Referred to Committee on Finance