Current StatusView additional legislative information at the LPITS web site.Bill Number: 700 Ratification Number: 486 Act Number 397 Introducing Body: Senate Subject: Relating to the deration that licensed suppliers of motor fuel other than gasoline are required to keep records
(A397, R486, S700)
AN ACT TO AMEND SECTION 12-29-360, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE REQUIREMENT THAT LICENSED SUPPLIERS OF MOTOR FUEL OTHER THAN GASOLINE ARE REQUIRED TO KEEP RECORDS FOR A PERIOD OF TWO YEARS, SO AS TO INCREASE SUCH PERIOD TO THREE YEARS.
Be it enacted by the General Assembly of the State of South Carolina:
License suppliers to keep records
Section 1. Section 12-29-360 of the 1976 Code is amended by striking "two" on line one and inserting "three". The section as amended shall read:
"Section 12-29-360. Each licensee shall maintain and keep for a period of three years from the date each return is filed, record or records of fuel received, produced, manufactured, refined, compounded, sold or used, by such licensee, together with invoices, bills of lading and such other pertinent records and papers as may reasonably be required by the Commission for the administration of this chapter."
Time effective
Section 2. This act shall take effect upon the approval by the Governor.