Bill 3808

                    Current Status

Bill Number:                    3808
Ratification Number:            170
Act Number:                     114
Type of Legislation:            General Bill GB
Introducing Body:               House
Introduced Date:                19950315
Primary Sponsor:                Law
All Sponsors:                   Law, Wofford, Kirsh, Dantzler and
                                Williams
Drafted Document Number:        jic\5633htc.95
Date Bill Passed both Bodies:   19950529
Date of Last Amendment:         19950525
Governor's Action:              S
Date of Governor's Action:      19950607
Subject:                        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 Committee

(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:

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.