H*2509 Session 104 (1981-1982)
H*2509(Rat #0144, Act #0098 of 1981) General Bill, By T.G. Mangum,
B.L. Hendricks, S.H. Howard and Kirsh
Similar(S 265)
A Bill to amend Section 12-7-2030, Code of Laws of South Carolina, 1976,
relating to declaration and payment of income tax by corporations, so as to
delete obsolete provisions.
03/05/81 House Introduced and read first time HJ-1030
03/05/81 House Referred to Committee on Ways and Means HJ-1030
03/12/81 House Committee report: Favorable Ways and Means HJ-1186
04/02/81 House Debate adjourned HJ-1659
04/08/81 House Debate adjourned HJ-1722
04/09/81 House Read second time HJ-1769
04/14/81 House Read third time and sent to Senate HJ-1827
04/15/81 Senate Introduced and read first time SJ-19
04/15/81 Senate Referred to Committee on Finance SJ-19
05/27/81 Senate Committee report: Favorable Finance SJ-22
05/28/81 Senate Read second time SJ-17
06/02/81 Senate Read third time and enrolled SJ-10
06/03/81 House Ratified R 144 HJ-2815
06/04/81 Signed By Governor
06/04/81 Effective date 06/04/81
06/04/81 Act No. 98
06/18/81 Copies available
(A98, R144, H2509)
AN ACT TO AMEND SECTION 12-7-2030, CODE OF LAWS OF SOUTH CAROLINA, 1976,
RELATING TO DECLARATION AND PAYMENT OF INCOME TAX BY CORPORATIONS, SO AS TO
DELETE OBSOLETE PROVISIONS.
Be it enacted by the General Assembly of the State of South Carolina:
Estimated tax to be paid
Section 1. Section 12-7-2030 of the 1976 Code is amended by striking the
section and inserting:
"Section 12-7-2030. The amount of estimated tax as defined in Section 12-7-2010 with respect to which a declaration is required under Section 12-7-2010
shall be paid as follows:
(1) The estimated tax shown to be due by the declaration shall be paid at the
time the declaration is filed or may be paid in four equal installments. The
first installment shall be paid at the time of filing the declaration, the second
installment on the fifteenth day of the sixth month after the beginning of the
taxable year, the third installment on the fifteenth day of the ninth month
after the beginning of the taxable year and the fourth installment on the
fifteenth day of the thirteenth month after the beginning of the taxable year.
(2) No interest shall be charged for the payment of installments of estimated
tax herein provided for."
Time effective
Section 2. This act shall take effect upon approval by the Governor. |