South Carolina Code of Laws — Title 12 (Taxation)
S.C. Code Ann. § 12-58-120
Release of levy issued or on any property
Official textscstatehouse.gov
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.
Source: view the official text
In this chapter (19 sections)
- 12-58-10 · Short title
- 12-58-20 · Administration of chapter
- 12-58-30 · Taxpayers' Rights Advocate established; duties
- 12-58-40 · Taxpayer education and information program
- 12-58-50 · Implementation of taxpayer education and information program…
- 12-58-60 · Explanatory statements of procedures, remedies, rights and…
- 12-58-70 · Deficiency and tax due notices; contents
- 12-58-80 · Evaluation of department employee's performance
- 12-58-90 · Hearings; recording; taxpayer to be informed of rights
- 12-58-100 · Failure to make timely return or payment due to reasonable…
- 12-58-110 · Investigation or surveillance limited to department's…
- 12-58-120 · Release of levy issued or on any property
- 12-58-130 · Claim for reimbursement of bank charges due to erroneous…
- 12-58-150 · Appeal procedure for modifying or releasing liens
- 12-58-160 · Release of lien filed in error; notification of appropriate…
- 12-58-165 · Expungement of a recorded lien
- 12-58-180 · Applicability of provisions to taxes administered by…
- 12-58-185 · Extensions of payment periods; grounds; restrictions
- 12-58-190 · Delay or denial of refund because of audit for different…