South Carolina § 12-39-70 Classifications for purposes of appraising and assessing personal property.

South Carolina Statutes

§ 12-39-70 — Classifications for purposes of appraising and assessing personal property.

South Carolina § 12-39-70

Title 12TAXATION

Ch. 39COUNTY AUDITORS

This text of South Carolina § 12-39-70 (Classifications for purposes of appraising and assessing personal property.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 12-39-70 (2026).

Text

For the purpose of appraising and assessing personal property of businesses and other entities under the jurisdiction of the county auditor, the county auditor must use the department's Form PT-100 and shall follow the classification of the most recent North American Industry Classification System Manual, as follows:

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

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

(3)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.

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For the purpose of appraising and assessing personal property of businesses and other entities under the jurisdiction of the county auditor, the county auditor must use the department's Form PT-100 and shall follow the classification of the most recent North American Industry Classification System Manual, as follows: (1) Sector 11, subsectors 111, 112, 113, 114, and 115, unless exempt; (2) Sector 52, subsectors 522, 523, 524, and 525; Sector 53, subsectors 531 and 533; and Sector 55, subsector 551, unless exempt; (3) 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.

Legislative History

HISTORY: 1994 Act No. 516, SECTION 25; 2003 Act No. 69, SECTION 3.UU, eff January 1, 2005; 2020 Act No. 147 (S.545), SECTION 1, eff September 28, 2020. Editor's Note 2020 Act No. 147, SECTION 4, provides as follows: "SECTION 4. This act takes effect upon approval by the Governor and applies to property tax returns due after December 31, 2020." Effect of Amendment 2020 Act No. 147, SECTION 1, in the undesignated paragraph, inserted "must use the department's Form PT-100 and".