Navigating the PT-401 form can seem daunting at first, but understanding its purpose and requirements can significantly streamline the exemption application process for property owners in South Carolina. Issued by the State of South Carolina Department of Revenue, this form serves as an application for exemptions on various types of property, including real estate, mobile homes, vehicles, furniture, and fixtures, under specific provisions outlined in sections 12-4-710 through 12-60-1730 of the state code. Applicants must provide detailed information about the property owner, acquisition dates, property descriptions, and supporting documentation like deeds or titles. For organizations, additional data about incorporation, nonprofit status, and financial details related to property use and income are required. Failure to submit a complete and accurately filled application, along with all necessary attachments, will lead to a denial of the exemption request. The form emphasizes the importance of thoroughness and accuracy in its completion, including the declaration that all supplied information is true to the best of the applicant's knowledge under penalty of perjury. With a clear comprehension of each section and requirement, applicants can approach the PT-401 form confidently, ensuring all criteria are met for a successful exemption application.
| Question | Answer |
|---|---|
| Form Name | Pt 401 Form |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | scdor form pt 401 0, sc form pt 401 i fillable, fillable sc pt401 form, sc dept of revenue form pt 401 |
STATE OF SOUTH CAROLINA
DEPARTMENT OF REVENUE
APPLICATION FOR EXEMPTION
(Rev. 7/8/03) 7016
Provisions for Filing for Exemptions, as Provided by Sections |
Mail to: |
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SC Department of Revenue |
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Property Division |
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Refer to instruction sheet |
Columbia, SC |
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1. Owner and Mailing Address |
(PLEASE PRINT) |
SS/FEI Number: |
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1a. Year |
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Last |
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Middle |
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SID Number |
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(Office Use Only) |
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Telephone Number: |
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2. Date Real Property Acquired: |
3. S.C. Code Section |
or B |
For real property, attach copy of deed/title. If applying for Mobile Home, attach copy of title or bill of sale.
4.County in Which the Property is Located or Registered:
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Location of Property |
6. Tax Map Number: |
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(If different from mailing address) |
Number of Acres: |
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Mobile Home Permit Number: |
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St. or Hwy: |
Mobile Home Tax Map Number: |
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City or Area: |
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Tax District: |
7. Land and Building |
1 |
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Land |
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(CHECK ALL THAT APPLY) |
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Deed Book Number |
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Building |
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Page Number |
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Mobile Home |
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9.Vehicle Information: Attach copy of vehicle(s) Registration Card(s), Bill of Sale(s), or Title(s).
VEHICLE IDENTIFICATION NUMBER TYPE
MAKE
YEAR
REGISTERED OWNER
COUNTY
REGISTERED IN
10.Furniture and Fixtures: For organizations applying for furniture and fixtures, attach a separate sheet. Identify item, date of acquisition, cost at acquisition, accumulated depreciation and net value. Example:
Furniture and Fixtures; Type 20.
FURNITURE AND FIXTURES TYPE
NOTE: Separate applications must be filed for each parcel of real estate. Multiple listing of personal property is permitted, if registered in the same county and to the same owner(s).
If the initial application is accepted and the exemption is granted, you are not required to file a subsequent application, unless there is a change in the property reported on the initial application or unless requesting an exemption for property not included on prior applications.
Applications must be filled out completely and signed to be accepted by this office. All incomplete applications will be returned for completion, causing a delay in our consideration of your request for exemption.
Upon completing the Application for Exemption, please refer to the instruction sheet
RESULT IN DENIAL OF THE APPLICATION FOR EXEMPTION.
70161013
PLEASE ANSWER ALL QUESTIONS COMPLETELY AND SIGN THE STATEMENT BELOW.
Is the organization incorporated by the Secretary of State of South Carolina? |
Yes |
If yes, attach a copy of the articles of incorporation and |
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Enter initial charter date. |
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No
Is the organization exempt under the United States Internal Revenue Code? |
Yes |
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Applicable Code 501C ( |
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If yes, attach a copy of the determination from the IRS. |
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No
Organization operated as a Profit |
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organization. |
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Did you file a return with the South Carolina Department of Revenue? |
Yes |
No |
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Please indicate what kind of return. |
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What name is the return filed under? |
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Are alcoholic beverages served to the general public? |
Yes |
No |
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Do any other individuals, associations or corporations occupy or use any part of the claimed exemption that is listed on this
application? Yes |
No |
If yes, explain circumstances. If addition space is needed, attach separate sheet. |
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Explain the use of the property, land and buildings. |
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Is any rent received for this property or any portion of this property? |
Yes |
No |
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If yes, from whom? |
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How much is received? |
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What is the estimated gross annual income?
Do you lease or rent any property for which you are requesting exemption? |
Yes |
If yes, from whom? |
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No
What limitations or restrictions apply concerning who may use the property? (A supplemental explanation sheet may be attached.)
Did you file for exemption with this office last year? |
Yes |
No |
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Was application denied? |
Yes |
No |
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If yes, explain circumstances of denial as stated to you in the denial letter.
DECLARATION OF OWNER OR OWNER'S AGENT
Subject to Penalty for Perjury, I Declare That I Have Examined the Foregoing Claim, Including Enclosures and Attachments (If Any), and to the Best of my Knowledge and Belief it is True, Correct and Complete.
Legal Signature
Check Appropriate Box: Owner
Date
Agent
PLEASE NOTE
Upon completing the Application for Exemption please refer to the instruction sheet
70162011