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More Money, More Taxes

Beginning July 1, 2017, people who purchase or register vehicles in South Carolina will owe a new type of fee, replacing the sales tax they’re used to paying.
Due to legislation commonly referred to as the Roads Bill, if you buy or lease a vehicle, trailer, semi-trailer, or other automobile on and after July 1, 2017 that will be titled and/or registered in this state, you will owe an Infrastructure Maintenance Fee (IMF) instead of sales tax. The IMF is in addition to applicable title and registration fees and property taxes. You pay your property taxes to your county treasurer. You will not be able to title or register the item until you pay the IMF.
“Customers can rest assured that the SCDMV will guide them through this transition,” said Executive Director Kevin Shwedo. “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 amount of IMF you owe is based on the sales price of the item you buy. You will owe five percent of the purchase price, but it will be no more than $500. If you purchase an item that is
$9,999 or less, your IMF will be five percent of the sales price. If it is $10,000 or more, you will owe $500.
People who move to the state with a vehicle, trailer, semi-trailer, or other automobile that needs to be registered 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.
For example, if you move to SC from Georgia with a vehicle that was previously registered in Georgia, when you register that vehicle with the SCDMV, you will owe the IMF and applicable title and registration fees to the SCDMV. Bring your original paid property tax receipt with you when registering the item. You pay your property taxes to your county treasurer.
“If you fall into the above category, it’s best to prepare early for your visit to the SCDMV,” said Director of Vehicle Services Larry Murray. “Remember, everyone has 45 days to transfer their title and registration to South Carolina.”

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