Hilton Head Real Estate Blog

 We are at a very crucial time on the Point of Sale reform. There is strong opposition from the Municipalities Association, and Association of Counties.These organizations do not see how point of sale is affecting real estate sales or creating an unfair tax. The Senate is wavering, but our State Senator Tom Davis is in full support of this cause. Below is an e-mail I received today from Tom Davis. 

Jim Thanks for your email. 

 I agree with you on the need for “point of sale” reform, which is why I am a primary sponsor of this reform legislation and why I voted during the last week of our 2009 session  to give it “special order” status on the senate calendar.  Unfortunately, because of the desire of the majority in the legislature to take up other matters (namely, the 10th amendment resolution and payday lending reform bill) in the final two days, we ran out of time to address this issue.  I was very upset that the majority of legislators failed to understand the critical importance of the point of sale reform bill. I have been a real estate attorney for over 24 years and I know first hand how important this reform is. I am especially upset since the votes were there to pass the bill.  I will continue to do everything I can to make that happen when we return to Columbia next week.

Tom Davis
State Senator for Beaufort County
Senate District 46
Gressette 602
P.O. Box 142
Columbia, SC 29202
Phone: 803-212-6008
Fax: 803-212-6011
District E-Mail: tom@senatortomdavis.com
 

As an active REALTOR® who works on behalf of homeownership throughout the Lowcountry of South Carolina, I need your help.  Under the current law in South Carolina when a property is sold, the new assessed value of the property increases to the point of sale.  This inequity in the law has caused an unfair tax for property owners! It has hindered  economic recovery, and contributes to loss of jobs and growth for South Carolina.   As a member of the South Carolina Association of REALTORS®, we are working to change this law.