Bill 2810

                    Current Status

Bill Number:               2810
Ratification Number:       283
Act Number:                185
Introducing Body:          House
Subject:                        Penalty on a business for which a
                           privilege tax is imposed

(A185, R283, H2810)

AN ACT TO AMEND SECTION 12-35-1260, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE PENALTY ON A BUSINESS FOR WHICH A PRIVILEGE TAX IS IMPOSED FOR FAILING TO KEEP RECORDS OF GROSS SALES AND GROSS RECEIPTS OF SALES, SO AS TO PROVIDE AN ADDITIONAL PENALTY OF IMPRISONMENT OF NOT MORE THAN ONE YEAR OR A FINE OF NOT MORE THAN ONE THOUSAND DOLLARS OR BOTH.

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

Failure to keep records

SECTION 1. Section 12-35-1260 of the 1976 Code is amended to read:

"Section 12-35-1260. Any person who fails to keep records as required by Section 12-35-1250 must be penalized not less than twenty-five dollars nor more than five hundred dollars for each offense. Each month of such failure constitutes a separate offense. The Commission shall assess the amount of penalty imposed in the manner provided in this article and proceed to the collection of the amount of the penalty in the same manner and with like effect as provided for the collection of tax in this article.

Any person who fails to keep and maintain records as required by Section 12-35-1250 is guilty of a misdemeanor and upon conviction must be punished by imprisonment for not more than one year or fined not more than one thousand dollars or both."

Time effective

SECTION 2. This act shall take effect upon approval by the Governor.