H*3808(Rat #0170, Act #0114 of 1995)  General Bill, By Law, Dantzler, Kirsh, 
D. Williams and S.S. Wofford
 A Bill to amend the Code of Laws of South Carolina, 1976, by adding Section
 12-21-735 so as to provide for payment of the license tax on cigarettes by the
 reporting method rather than by tax stamps; and to repeal Sections 12-21-720,
 12-21-730, and 12-21-820, relating to cigarette license tax stamps; and to
 make this change in the payment method effective January 1, 1996.-amended
 title

   03/15/95  House  Introduced and read first time HJ-60
   03/15/95  House  Referred to Committee on Labor, Commerce and
                     Industry HJ-60
   04/05/95  House  Committee report: Favorable with amendment Labor,
                     Commerce and Industry HJ-3
   04/12/95  House  Objection by Rep. Anderson, J. Brown & McMahand HJ-68
   04/12/95  House  Debate adjourned until Tuesday, April 18, 1995 HJ-68
   04/19/95  House  Amended HJ-19
   04/19/95  House  Read second time HJ-20
   04/20/95  House  Read third time and sent to Senate HJ-13
   04/25/95  Senate Introduced and read first time SJ-14
   04/25/95  Senate Referred to Committee on Finance SJ-14
   05/24/95  Senate Recalled from Committee on Finance SJ-14
   05/25/95  Senate Amended SJ-56
   05/25/95  Senate Read second time SJ-56
   05/25/95  Senate Unanimous consent for third reading on next
                     legislative day SJ-57
   05/26/95  Senate Read third time and returned to House with
                     amendments SJ-3
   05/29/95  House  Concurred in Senate amendment and enrolled HJ-4
   06/06/95         Ratified R 170
   06/07/95         Signed By Governor
   06/07/95         Effective date 01/01/96
   08/10/95         Copies available
   08/10/95         Act No. 114

AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-21-735 SO AS TO PROVIDE FOR PAYMENT OF THE LICENSE TAX ON CIGARETTES BY THE REPORTING METHOD RATHER THAN BY TAX STAMPS; TO REPEAL SECTIONS 12-21-720, 12-21-730, AND 12-21-820 RELATING TO CIGARETTE LICENSE TAX STAMPS; AND TO MAKE THIS CHANGE IN THE PAYMENT METHOD EFFECTIVE JANUARY 1, 1996.

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

Reporting method

SECTION 1. Article 5, Chapter 21, Title 12 of the 1976 Code is amended by adding:

"Section 12-21-735. Each person or distributor of cigarettes taxable under this article, first receiving untaxed cigarettes for sale or distribution in this State, is subject to the tax imposed in Section 12-21-620. Each distributor required to pay the tax shall make a report to the department, in the form the department prescribes, of all cigarettes sold or disposed of in this State, and pay taxes due thereon not later than the twentieth day of the month next succeeding the month of the sale or disposition. However, any person or distributor making shipments of cigarettes to retail locations in and out of this State shall apply to the department for a license which enables them to purchase cigarettes free of tax, and report and pay tax as provided in this section on sales of cigarettes sold to locations in this State.

The department shall require bonds or statements of financial stability satisfactory to the department to cover possible losses resulting from failure to remit taxes due."

Repeals

SECTION 2. Sections 12-21-720, 12-21-730, and 12-21-820 of the 1976 Code are repealed.

Time effective

SECTION 3. This act takes effect January 1, 1996.

Approved the 7th day of June, 1995.