Bill H. 3858 proposes amendments to the South Carolina Code of Laws regarding the titling and taxation of watercraft and outboard motors. A significant change is the removal of the requirement for outboard motors to be titled, while the bill introduces a property tax exemption for fifty percent of the fair market value of watercraft. It also allows for the consolidation of tax notices for boats and motors, streamlining the titling process and providing tax relief for watercraft owners. Additional provisions include requirements for marine dealers to apply for annual permits and the necessary documentation for acquiring titles, such as a bill of sale and proof of registration from other jurisdictions. The bill further enhances the management of certificates of title by requiring specific information to be included, allowing for electronic transmission of title information, and ensuring that clear titles are issued upon the discharge of liens. It emphasizes the importance of accurate record-keeping and compliance with safety standards, particularly for homemade watercraft, and establishes penalties for operating without a valid title. The legislation also introduces a temporary certificate of number for watercraft during the application process for permanent certificates, with stipulations that no temporary certificate can be issued until property taxes are paid. The act is set to take effect on January 1, 2026, and will apply to property tax years beginning after that date.

Statutes affected:
01/30/2025: 50-23-345, 50-23-375, 12-37-3210, 12-37-220
Latest Version: 50-23-345, 50-23-375, 12-37-3210, 12-37-220