South Carolina General Assembly
120th Session, 2013-2014

Download This Bill in Microsoft Word format

Indicates Matter Stricken
Indicates New Matter

S. 617

STATUS INFORMATION

General Bill
Sponsors: Senator Alexander
Document Path: l:\council\bills\nl\13210dg13.docx
Companion/Similar bill(s): 3974

Introduced in the Senate on April 16, 2013
Currently residing in the Senate Committee on Finance

Summary: Department of Revenue

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   4/16/2013  Senate  Introduced and read first time (Senate Journal-page 9)
   4/16/2013  Senate  Referred to Committee on Finance (Senate Journal-page 9)

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

4/16/2013

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND SECTION 12-54-240, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DISCLOSURE OF RECORDS AND RETURNS FILED WITH THE DEPARTMENT OF REVENUE, SO AS TO ALLOW THE DISCLOSURE OF CERTAIN INFORMATION TO THE SECRETARY OF STATE ABOUT A TAXPAYER WHO FILED AN INITIAL OR FINAL CORPORATE RETURN; AND BY ADDING SECTION 12-58-165 SO AS TO ALLOW THE DEPARTMENT OF REVENUE TO EXPUNGE THE RECORDING OF A LIEN ONCE THE LIEN IS FULLY PAID AND SATISFIED.

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

SECTION    1.    Section 12-54-240(B)(17) of the 1976 Code is amended to read:

"(17)    disclosure of information to the Secretary of State about a taxpayer who filed an initial or final corporate return or failed to pay a tax or fee or file a return, where the Secretary of State has the power to dissolve administratively the taxpayer or to revoke the taxpayer's authority to transact business in this State for failure to pay taxes or fees or file returns."

SECTION    2.    Chapter 58, Title 12 of the 1976 Code is amended by adding:

"Section 12-58-165.     The department may take necessary action to expunge the recording of any lien imposed pursuant to Section 12-54-120, or any other provision authorizing the department to collect monies due, once the lien is fully paid and satisfied. If, upon investigation, the department determines that no taxes were due, the provisions of this section apply and the recorded lien may be expunged as if it were fully paid and satisfied."

SECTION    3.    This act takes effect upon approval by the Governor.

----XX----

This web page was last updated on April 19, 2013 at 3:00 PM