Current Status Bill Number:
3808Ratification Number: 170Act Number: 114Type of Legislation: General Bill GBIntroducing Body: HouseIntroduced Date: 19950315Primary Sponsor: LawAll Sponsors: Law, Wofford, Kirsh, Dantzler and WilliamsDrafted Document Number: jic\5633htc.95Date Bill Passed both Bodies: 19950529Date of Last Amendment: 19950525Governor's Action: SDate of Governor's Action: 19950607Subject: License tax on cigarettes
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ ------ 19950607 Act No. A114 ------ 19950607 Signed by Governor ------ 19950606 Ratified R170 House 19950529 Concurred in Senate amendment, enrolled for ratification Senate 19950526 Read third time, returned to House with amendment Senate 19950525 Amended, read second time, unanimous consent for third reading on Friday, 19950526 Senate 19950524 Recalled from Committee, 06 SF placed on the Calendar Senate 19950425 Introduced, read first time, 06 SF referred to Committee House 19950420 Read third time, sent to Senate House 19950419 Amended, read second time House 19950412 Debate adjourned until Tuesday, 19950418 House 19950412 Objection by Representative Anderson J. Brown McMahand House 19950405 Committee report: Favorable with 26 HLCI amendment House 19950315 Introduced, read first time, 26 HLCI referred to CommitteeView additional legislative information at the LPITS web site.
(A114, R170, H3808)
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:
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."
SECTION 2. Sections 12-21-720, 12-21-730, and 12-21-820 of the 1976 Code are repealed.
SECTION 3. This act takes effect January 1, 1996.
Approved the 7th day of June, 1995.