South Carolina Statutes
§ 12-58-120 — Release of levy issued or on any property.
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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South Carolina § 12-58-120 (Release of levy issued or on any property.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1995 Act No. 76, SECTION 6.
Nearby Sections
15
§ 12-58-10
Short title.§ 12-58-120
Release of levy issued or on any property.§ 12-58-160
Release of lien filed in error; notification of appropriate parties; prompt action to correct error.§ 12-58-165
Expungement of a recorded lien.§ 12-58-190
Delay or denial of refund because of audit for different tax period; disciplinary action.§ 12-58-20
Administration of chapter.