H*3974(Rat #0113, Act #0090 of 2013)  General Bill, By Loftis, Brannon, Burns, 
Erickson, Bannister, Barfield, Hamilton, Harrell, Henderson, Hosey, Murphy, 
G.M. Smith, G.R. Smith and J.R. Smith

Similar(S 617)
 AN ACT TO AMEND SECTION 12-54-240, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA,
 1976, RELATING TO THE DISCLOSURE OF RECORDS AND RETURNS FILED WITH THE
 DEPARTMENT OF REVENUE, SO AS TO ALLOW THE DISCLOSURE OF CERTAIN INFORMATION TO
 THE SECRETARY OF STATE ABOUT A TAXPAYER WHO FILED AN INITIAL OR FINAL
 CORPORATE RETURN; AND BY ADDING SECTION 12-58-165 SO AS TO ALLOW THE
 DEPARTMENT OF REVENUE TO EXPUNGE THE RECORDING OF A LIEN ONCE THE LIEN IS
 FULLY PAID AND SATISFIED. - ratified title

   04/17/13  House  Introduced and read first time (House Journal-page 14)
   04/17/13  House  Referred to Committee on Judiciary
                     (House Journal-page 14)
   04/23/13  House  Recalled from Committee on Judiciary
                     (House Journal-page 108)
   04/24/13  House  Amended (House Journal-page 163)
   04/24/13  House  Read second time (House Journal-page 163)
   04/24/13  House  Roll call Yeas-105  Nays-1 (House Journal-page 164)
   04/25/13  House  Read third time and sent to Senate
                     (House Journal-page 36)
   04/30/13  Senate Introduced and read first time (Senate Journal-page 16)
   04/30/13  Senate Referred to Committee on Finance
                     (Senate Journal-page 16)
   05/30/13  Senate Committee report: Favorable with amendment
                     Finance (Senate Journal-page 12)
   06/04/13  Senate Committee Amendment Adopted (Senate Journal-page 123)
   06/04/13  Senate Amended (Senate Journal-page 123)
   06/04/13  Senate Read second time (Senate Journal-page 123)
   06/04/13  Senate Roll call Ayes-43  Nays-0 (Senate Journal-page 123)
   06/05/13  Senate Read third time and returned to House with
                     amendments (Senate Journal-page 21)
   06/05/13  House  Concurred in Senate amendment and enrolled
                     (House Journal-page 126)
   06/11/13         Ratified R 113
   06/13/13         Signed By Governor
   06/20/13         Effective date 06/13/13
   06/24/13         Act No. 90

(A90, R113, H3974)

AN ACT TO AMEND SECTION 12-54-240, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DISCLOSURE OF RECORDS AND RETURNS FILED WITH THE DEPARTMENT OF REVENUE, SO AS TO ALLOW THE DISCLOSURE OF CERTAIN INFORMATION TO THE SECRETARY OF STATE ABOUT A TAXPAYER WHO FILED AN INITIAL OR FINAL CORPORATE RETURN; AND BY ADDING SECTION 12-58-165 SO AS TO ALLOW THE DEPARTMENT OF REVENUE TO EXPUNGE THE RECORDING OF A LIEN ONCE THE LIEN IS FULLY PAID AND SATISFIED.

Be it enacted by the General Assembly of the State of South Carolina:

Disclosure of corporate return to Secretary of State

SECTION    1.    Section 12-54-240(B)(17) of the 1976 Code is amended to read:

"(17)    disclosure of information to the Secretary of State about a taxpayer who filed an initial or final corporate return or failed to pay a tax or fee or file a return, where the Secretary of State has the power to dissolve administratively the taxpayer or to revoke the taxpayer's authority to transact business in this State for failure to pay taxes or fees or file returns."

Expungement of a recorded lien

SECTION    2.    Chapter 58, Title 12 of the 1976 Code is amended by adding:

"Section 12-58-165.     The department may take necessary action to expunge the recording of any lien imposed pursuant to Section 12-54-120, or any other provision authorizing the department to collect monies due, once the lien is fully paid and satisfied. If, upon investigation, the department determines that no taxes were due, the provisions of this section apply and the recorded lien shall be expunged as if it were fully paid and satisfied."

Time effective

SECTION    3.    This act takes effect upon approval by the Governor.

Ratified the 11th day of June, 2013.

Approved the 13th day of June, 2013.