South Carolina § 12-58-120 Release of levy issued or on any property.

South Carolina Statutes

§ 12-58-120 — Release of levy issued or on any property.

South Carolina § 12-58-120

Title 12TAXATION

Ch. 58SOUTH CAROLINA TAXPAYERS' BILL OF RIGHTS

This text of South Carolina § 12-58-120 (Release of levy issued or on any 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. § 12-58-120 (2026).

Text

The department shall release any levy issued or on any property in the event of any of the following:

(1)the liability for which the levy was made is satisfied;

(2)the department determines that release facilitates the collection of the liability;

(3)an installment payment agreement has been executed with respect to the liability;

(4)the department has determined that the levy creates an economic hardship due to the taxpayer's financial condition;

(5)if the department determines the fair market value of the property exceeds the liability and partial release does not hinder collection of the tax and related costs owed to the department.

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The department shall release any levy issued or on any property in the event of any of the following: (1) the liability for which the levy was made is satisfied; (2) the department determines that release facilitates the collection of the liability; (3) an installment payment agreement has been executed with respect to the liability; (4) the department has determined that the levy creates an economic hardship due to the taxpayer's financial condition; (5) if the department determines the fair market value of the property exceeds the liability and partial release does not hinder collection of the tax and related costs owed to the department.