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Bill Number: 3361 Ratification Number: 361 Act Number 346 Introducing Body: House Subject: Relating to sales tax monthly returns and payments
(A346, R361, H3361)
AN ACT TO AMEND SECTION 12-35-570, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO SALES TAX MONTHLY RETURNS AND PAYMENTS, SO AS TO PERMIT RETAILERS TO FILE EVERY TWENTY-EIGHT DAYS.
Be it enacted by the General Assembly of the State of South Carolina:
Sales tax returns
SECTION 1. Section 12-35-570 of the 1976 Code is amended to read:
"Section 12-35-570. The taxes levied under the provisions of this article, except as otherwise provided, are due and payable in monthly installments on or before the twentieth day of the month next succeeding the month in which the tax accrues. On or before the twentieth day of each month, every person on whom the taxes levied by this article are imposed must render to the commission, on a form prescribed by it, a true and correct statement showing by location the gross sales, the gross proceeds of sales, or gross receipts of his business, as the case may be, for the next preceding month and the amount of gross proceeds or gross receipts which are not subject to the tax or are not to be used as a measurement of the taxes due by the person, and the nature thereof, together with other information as the commission may demand and require, and at the time of making a monthly report the person must compute the taxes due and must pay to the commission the amount of taxes shown to be due. A return is considered timely filed if the return is mailed and has a postmark dated on or before the date the return is required by law to be filed.
The commission may permit the filing of returns every twenty-eight days. These returns must be filed within twenty days following the period covered by the return."
SECTION 2. This act takes effect upon approval by the Governor.