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H. 3880
STATUS INFORMATION
General Bill
Sponsors: Reps. Breeland, Lee, Hosey, Anthony and Mack
Document Path: l:\council\bills\bbm\10762mm05.doc
Introduced in the House on April 7, 2005
Currently residing in the House Committee on Labor, Commerce and Industry
Summary: Retailers record requirements
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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4/7/2005 House Introduced and read first time HJ-3
4/7/2005 House Referred to Committee on Labor, Commerce and Industry
HJ-3
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AMEND SECTION 40-41-710, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO RECORDS OF RETAILERS, SO AS TO PROVIDE THAT THE RECORD REQUIREMENTS APPLY TO ALL RETAILERS SUBJECT TO THE RETAIL LICENSE AND TAX REQUIREMENTS AND WHO SELL NEW OR USED MERCHANDISE, OR BOTH.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 40-41-710 of the 1975 Code is amended to read:
"Section 40-41-710. (A) For purposes of this section, 'retailer' means a retailer of a 'transient business' or a 'temporary business' as defined in subject to Section 12-36-510.
(B) A retailer shall keep a record of the source of new and used merchandise the retailer offers for sale. The record may be a receipt or an invoice from the person who sold the merchandise to the retailer or any other documentation that establishes the source of the merchandise.
(1) The record or documentation must include the:
(a) the name, physical address, telephone number, and driver's license number or other personal identification number of the source;
(b) the date the merchandise was purchased by the retailer;
(c) the price paid by the retailer for the merchandise;
(d) the quantity; and
(e) the name of source description of the merchandise.
(2) The retailer shall keep the record at the same location as the new or used merchandise being is offered for sale and shall maintain the record for one year after the merchandise is sold.
(C) Upon the request of a law enforcement officer, after forming a reasonable suspicion that the merchandise possessed by the retailer may have been stolen, the retailer shall produce the record of the source of new or used merchandise the retailer offers for sale.
(D) If the retailer fails to produce the requested record the officer may seize the merchandise and hold it in custody as evidence and the retailer may be punished as follows:
(1) Upon conviction for a first offense, the retailer is guilty of a misdemeanor and must be fined not more than five hundred dollars or imprisoned for not more than thirty days, or both.
(2) Upon conviction of a second offense, the retailer must be fined not less than one thousand nor more than five thousand dollars or imprisoned for not less than thirty days nor more than sixty days, or both.
(3) Upon conviction of a third offense, the retailer's Sales and Use Tax license issued pursuant to Section 12-36-510 must be revoked, and the retailer must be fined not less than one thousand nor more than five thousand dollars or imprisoned for not less than thirty days nor more than sixty days, or both.
(E) Merchandise confiscated pursuant to the provisions of this section may be disposed of in accordance with the provisions of Chapter 21, Title 27.
(F) The provisions of this section do not apply to a charitable organization offering merchandise for sale."
SECTION 2. This act takes effect upon approval by the Governor and applies to all new and used merchandise purchased after that date for resale.
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