H 3830 Session 110 (1993-1994)
H 3830 General Bill, By Kirsh
Similar(S 671)
A Bill to amend Sections 12-19-20, as amended, 12-19-100, 12-19-110, and
33-1-220, Code of Laws of South Carolina, 1976, relating to corporate license
fees, license fees on utilities and electric cooperatives, and filing fees
charged for documents filed with the Secretary of State, so as to provide that
the corporate license fee for foreign corporations must be paid when filing
with the Secretary of State and to delete obsolete provisions relating to the
license tax on utilities and electric cooperatives.
04/01/93 House Introduced and read first time HJ-11
04/01/93 House Referred to Committee on Ways and Means HJ-12
A BILL
TO AMEND SECTIONS 12-19-20, AS AMENDED, 12-19-100,
12-19-110, AND 33-1-220, CODE OF LAWS OF SOUTH
CAROLINA, 1976, RELATING TO CORPORATE LICENSE FEES,
LICENSE FEES ON UTILITIES AND ELECTRIC COOPERATIVES,
AND FILING FEES CHARGED FOR DOCUMENTS FILED WITH
THE SECRETARY OF STATE, SO AS TO PROVIDE THAT THE
CORPORATE LICENSE FEE FOR FOREIGN CORPORATIONS
MUST BE PAID WHEN FILING WITH THE SECRETARY OF
STATE AND TO DELETE OBSOLETE PROVISIONS RELATING
TO THE LICENSE TAX ON UTILITIES AND ELECTRIC
COOPERATIVES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-19-20(e) of the 1976 Code, as last amended
by Act 444 of 1988, is further amended to read:
"(e) In order to file the initial articles of incorporation or
application for certificate of authority by a foreign corporation, the
articles or application for certificate of authority must be accompanied
by an initial annual report containing the information required pursuant
to subsections (a) through (c) of this section together with a
remittance for the minimum license fee required by Sections 12-19-70
and 12-19-120 made payable to the South Carolina Tax
Commission. The report and remittance must be submitted
to the Tax Commission by the Secretary of State."
SECTION 2. Section 12-19-100 of the 1976 Code is amended to read:
"Section 12-19-100. In lieu of the license fee imposed by
Section 12-19-70, there is hereby levied, in addition to any
and all other license taxes and fees or taxes of whatever kind, a
license fee of one mill upon each dollar of the fair market value of
property, as determined by the South Carolina Tax Commission for
property tax purposes for the preceding accounting period, owned and
used within South Carolina in the conduct of business of every
railroad company, express company, street railway company,
navigation company, waterworks company, power company, electric
cooperative, light company, gas company, telegraph company,
and telephone company, parlor, dining or sleeping car
company, tank car company, refrigerating car company and fruit
growers' express car company, and all privately operated car lines.
The license fee provided for in this section shall must
be paid at the time of the filing of the reports required by this
chapter."
SECTION 3. Section 12-19-110 of the 1976 Code is amended to read:
"Section 12-19-110. In addition to the license fee provided by
Section 12-19-100 and any and all other license taxes and fees
or taxes of whatever kind, there is levied an annual license fee of three
mills upon the gross receipts derived from services rendered from
regulated business within this State during the calendar year next
preceding by every railroad company, express company, street
railway company, navigation company, waterworks company, power
company, distribution electric cooperative, light company, gas company,
telegraph company, and telephone company, parlor, dining
or sleeping car company, tank car company, refrigerating car company,
fruit growers' express car company, and all other privately operated car
line. However, where a consolidated return pursuant to Section
12-7-1570 is filed, the phrase `the gross receipts derived from services
rendered from regulated business' does not include gross receipts arising
from any transactions between any of the separate members of the
consolidated return group. The license fee provided for by this section
must be paid at the time of filing the reports required by this chapter.
Electric cooperatives subject to the license fee imposed by Section
12-19-100 and distribution electric cooperatives subject to the license
fee provided by this section shall file reports pursuant to the provisions
of Sections 12-19-20 and 12-19-130."
SECTION 4. Section 33-1-220(d) of the 1976 Code is amended to
read:
"(d) Before filing any of the following documents, the
Secretary of State shall collect the following taxes which shall
must be remitted to the State Treasurer for use of the State:
(1) articles of incorporation, one hundred dollars plus the
minimum license fee imposed pursuant to Chapter 19 of Title 12;
(2) amendment to articles of incorporation, one hundred dollars;
(3) articles of merger or share exchange, one hundred dollars;
(4) application by a foreign corporation for a certificate of
authority to do business in South Carolina, one hundred dollars plus
the minimum license fee imposed pursuant to Chapter 19 of Title
12;
(5) amendment by a foreign corporation of its certificate of
authority, one hundred dollars."
SECTION 5. This act takes effect upon approval by the Governor.
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