New fee on vehicles purchased, registered in SC goes into effect - FOX Carolina 21

New fee on vehicles purchased, registered in SC goes into effect on July 1

Posted: Updated:
(Source: Fox Carolina) (Source: Fox Carolina)
COLUMBIA, SC (FOX Carolina) -

Starting on July 1 the South Carolina Department of Motor Vehicles said everyone who purchases or registers at automobile in the state will be required to pay a new fee.

The new Infrastructure Maintenance Fee will replace sales tax on vehicle purchases.

People who buy or lease a vehicle, trailer, semi-trailer, or other automobile that will be titled and/or registered in South Carolina will be subject to the IMF in addition to any applicable title and registration fees and property taxes. People will not be able to title or register vehicles until the fee is paid, the DMV said.

“Customers can rest assured that the SCDMV will guide them through this transition,” SC DMV Executive Director Kevin Shwedo stated in a news release. “We’ve been working with South Carolina dealers, their association, and the Department of Revenue to facilitate a smooth shift with minimal to no impact for businesses and customers.”

The IMF is based on the sales price of the item. The cost is five percent of the purchase price for vehicles under $10,000 or a flat fee of $500 for vehicles exceeding that amount.

People who move to the state will also have to pay a $250 IMF for every vehicle, trailer, semi-trailer, or other automobile that needs to be registered in South Carolina.

will owe a $250 IMF, in addition to applicable title and registration fees and property taxes. The $250 IMF applies to each item that needs to be registered in this state.

People buying vehicles in South Carolina that will be registered in other states will not be charges an IMF but will be required to pay sales tax.

The Roads Bill legislation, which aims to repair and better maintain South Carolina’s roads, called for the new fee. The legislation became law in May.

PREVIOUSLY: SC drivers have mixed views on newly-passed road funding law

Copyright 2017 FOX Carolina (Meredith Corporation). All rights reserved.

Powered by Frankly
Fox Carolina
Powered by WorldNow CNN
All content © 2017, WHNS; Greenville, SC. (A Meredith Corporation Station) . All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.