reglab/housing_qa huggingface dataset:
SC Code § 12-8-1550 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 8 - Income Tax Withholding|Section 12-8-1550. Due date for statements filed with department; recapitulation and reconciliation statement; request for filing extension.

 (A) On or before the last day of January following the calendar year of the withholding, the following items must be filed with the department:  (1) the original copy of the statement required by Section 12-8-1540;  (2) a recapitulation and reconciliation of taxes withheld and paid in the form the department prescribes.  (B) A withholding agent may request in writing an extension of time for filing the information required under this section for a time not to exceed thirty days.  (C) Where essentially the same information required to be submitted by Section 12-8-1540 is required to be submitted to the Internal Revenue Service on magnetic media, the same method must be used for purposes of this section.  HISTORY: 1995 Act No. 76, Section 2; 1997 Act No. 83, Section 3; 2016 Act No. 160 (H.4328), Section 2, eff April 21, 2016.  Effect of Amendment  2016 Act No. 160, Section 2, in (A), substituted "January" for "February".
SC Code § 12-8-2010 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 8 - Income Tax Withholding|Section 12-8-2010. Liability of agent failing to withhold or pay tax.

 (A) A withholding agent who fails to withhold or pay to the department an amount required by this chapter is personally and individually liable for the amount of tax not withheld or paid.  (B) If a withholding agent fails to remit an amount withheld from a taxpayer under this chapter to the department, the taxpayer is allowed a credit for the amount of income tax withheld from him but not remitted.  (C) The amount required to be withheld may not be collected from a withholding agent who fails to withhold income tax as required under the provisions of this chapter after the taxpayer whose wages or payments should have been withheld upon pays the tax applicable to that withholding. However, the payment by the taxpayer does not relieve the withholding agent from liability for penalty and interest.  (D) For purposes of this section, the term "withholding agent" includes an officer or employee of a corporation, or a member or employee of a partnership, who as such officer, employee, or member is under a duty to perform the act in respect of which the violation occurs.  HISTORY: 1995 Act No. 76, Section 2.
SC Code § 12-8-2020 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 8 - Income Tax Withholding|Section 12-8-2020. Refund of credit for overpayment.

 (A) A refund or credit may be allowed for an overpayment of tax withheld pursuant to this chapter to:  (1) the withholding agent to the extent that the withholding agent did not withhold the overpayment amount from the taxpayer; or  (2) the taxpayer to the extent that the overpayment was withheld from the taxpayer.  (B) A refund or credit may be granted to a withholding agent who has withheld taxes in error if the withholding agent has refunded or unconditionally credited the amount erroneously withheld to the taxpayer and the amount is refunded or credited to the taxpayer before the issuance of the original wage and tax statement for the calendar year.  HISTORY: 1995 Act No. 76, Section 2; 2007 Act No. 110, Section 21, eff June 21, 2007; 2007 Act No. 116, Section 27, eff June 28, 2007, applicable for tax years beginning after 2007.
SC Code § 12-8-2030 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 8 - Income Tax Withholding|Section 12-8-2030. Amount withheld held in trust for State; lien on property of agent for amount withheld; recording of lien.

 An amount withheld under this chapter must be held in trust for the State and is a lien against all property, both real and personal, tangible and intangible, of the withholding agent. The lien becomes effective after it has been properly recorded in the county where the withholding agent's business is located.  HISTORY: 1995 Act No. 76, Section 2.
SC Code § 12-8-2040 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 8 - Income Tax Withholding|Section 12-8-2040. Quarterly return, annual reconciliation, and form filed in connection with withholding considered returns.

 For purposes of Chapter 54, the quarterly return required under Section 12-8-1530, the annual reconciliation required under Section 12-8-1550, and the form required to be filed in connection with withholding under Section 12-8-580 are considered returns.  HISTORY: 1995 Act No. 76, Section 2.
SC Code § 12-10-10 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 10 - Enterprise Zone Act Of 1995|Section 12-10-10. Short title.

 This chapter may be cited as the "Enterprise Zone Act of 1995".  HISTORY: 1995 Act No. 25, Section 1.
SC Code § 12-10-20 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 10 - Enterprise Zone Act Of 1995|Section 12-10-20. Legislative intent.

 The General Assembly finds:  (1) that the economic well-being of the citizens of the State is enhanced by the increased development and growth of industry within the State, and that it is in the best interests of the State to induce the location or expansion of manufacturing, processing, services, distribution, warehousing, research and development, corporate offices, technology intensive, and certain tourism projects within the State to promote the public purpose of creating new jobs within the State;  (2) that the inducement provided in this chapter will encourage the creation of jobs which would not otherwise exist and will create sources of tax revenues for the State and its political subdivisions;  (3) the powers to be granted to the Advisory Coordinating Council for Economic Development by this chapter and the purposes to be accomplished are proper governmental and public purposes and that the inducement of the location or expansion of manufacturing, processing, services, distribution, warehousing, research and development, corporate offices, and certain tourism facilities within the State is of paramount importance.  (4) The state's per capita income has not reached the United States average and certain rural, less developed counties have not experienced capital investment, per capita income, and job growth at a level equal to the state's average. The economic well-being of these areas will not be sustained without significant incentive to induce capital investment and job creation.  HISTORY: 1995 Act No. 25, Section 1; 1996 Act No. 462, Section 13; 2000 Act No. 283, Section 5(D), eff for taxable years beginning after June 30, 2001; 2000 Act No. 399, Section 3(B)(1), eff August 17, 2000.  Code Commissioner's Note  To the extent that the text of paragraph (1) reflects amendments effected by Act 283 dealing with a "technology intensive" project and "technology employee", those amendments are effective, at the direction of the Code Commissioner, upon the signature of the Governor but do not apply until tax years beginning after June 30, 2001.
SC Code § 12-10-40 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 10 - Enterprise Zone Act Of 1995|Section 12-10-40. Designation of enterprise zones; criteria.

 The amount of benefits available to qualified businesses is determined by the county designation as defined in Section 12-6-3360(B), in which the business is located.  HISTORY: 1995 Act No. 25, Section 1; 1995 Act No. 32, Section 9A; 1995 Act No. 145, Part II, Section 89; 1996 Act No. 462, Section 15.
SC Code § 12-10-45 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 10 - Enterprise Zone Act Of 1995|Section 12-10-45. Designation of census tract by tire manufacturer as enterprise zone; certification of tire manufacturer.

 A tire manufacturer that has over one billion dollars in capital investment in this State, and employs over five thousand workers in this State may, after certification by the council, designate up to two census tracts, but not to exceed four hundred acres per site, in any area of the State as an enterprise zone provided that a capital investment of at least one hundred million dollars be made over a five-year period at each site. The tire manufacturer's capital investment must be based upon the gross cost of assets in South Carolina as shown on the manufacturer's property tax and fee-in-lieu of property tax filings. The council will certify the manufacturer if it determines that the available incentives are appropriate for the new project, the total benefits of the new project exceed the costs to the public, and the qualifying business otherwise fulfills the requirements of this chapter.  HISTORY: 1996 Act No. 231, Section 6.
SC Code § 12-10-50 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 10 - Enterprise Zone Act Of 1995|Section 12-10-50. Qualification for benefits.

 (A) To qualify for the benefits provided in this chapter, a business must be located within this State and must:  (1) be engaged primarily in a business of the type identified in Section 12-6-3360;  (2) provide a benefits package, including health care, to full-time employees at the project;  (3) enter into a revitalization agreement that is approved by the council and that describes a minimum job requirement and minimum capital investment requirement for the project as provided in Section 12-10-90; and  (4) have negotiated incentives that council has determined are appropriate for the project, and the council shall certify that:  (a) the total benefits of the project exceed the costs to the public; and  (b) the business otherwise fulfills the requirements of this chapter.  (B) To qualify for benefits pursuant to Section 12-10-95, a business must:  (1) be engaged in manufacturing or processing operations or technology intensive activities at a manufacturing, processing, or technology intensive facility as defined in Section 12-6-3360(M);  (2) provide a benefits package, including health care, to employees being retrained; and  (3) enter into a retraining agreement with the council.  HISTORY: 1995 Act No. 25, Section 1; 1996 Act No. 462, Section 16; 1999 Act No. 114, Section 5; 2000 Act No. 399, Section 3(B)(3), eff August 17, 2000; 2001 Act No. 89, Section 14, eff July 1, 2001.
SC Code § 12-10-60 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 10 - Enterprise Zone Act Of 1995|Section 12-10-60. Revitalization agreement.

 (A) The council may enter into a revitalization agreement with each qualifying business with respect to the project. The terms and provisions of each revitalization agreement must be determined by negotiations between the council and the qualifying business. The decision to enter into a revitalization agreement with a qualifying business is solely within the discretion of the council based on the appropriateness of the negotiated incentives to the project and the determination that approval of the project is in the best interests of the State. The revitalization agreement must set a date by which the qualifying business shall have completed the project. Within three months of the completion date, the qualifying business shall document the actual costs of the project in a manner acceptable to the council.  (B) If a qualifying business that entered into a revitalization agreement before January 1, 1997, receives council approval to amend its revitalization agreement to increase its minimum job requirement, the law in effect on the date of the amendment determines the amount of job development credit a qualifying business may claim pursuant to Section 12-10-80 for additional jobs created after the date of the amendment. This subsection does not apply to a business whose application for job development fees or credits pursuant to Section 12-10-81 has been approved by council before the effective date of this act.  HISTORY: 1995 Act No. 25, Section 1; 1999 Act No. 114, Section 5; 2000 Act No. 399, Section 3(B)(4), eff August 17, 2000.
SC Code § 12-10-82 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 10 - Enterprise Zone Act Of 1995|Section 12-10-82. Irrevocable assignment of future payments.

 (A) At the time the qualifying business enters into a revitalization agreement, it may make, with the approval of council, an irrevocable assignment of future payments attributable to the job development credit made pursuant to this chapter to the designated trustee or designee.  (B) For purposes of this section:  (1) "designated trustee" means the single financial institution designated by the council to receive all assignments of payments made pursuant to this chapter and to the terms of an agreement entered into by the qualifying business; and  (2) "other designee" means a taxpayer that receives a minimum of seventy percent of the goods or services produced by the qualifying business at the project.  (C) The election must be made on a form provided by the department, including a waiver of confidentiality pursuant to Section 12-54-240, and the payments may be paid only to the designated trustee or other designee.  HISTORY: 2000 Act No. 399, Section 3(A)(2), eff August 17, 2000; 2004 Act No. 227, Section 3.E, eff May 11, 2004.
SC Code § 12-10-85 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 10 - Enterprise Zone Act Of 1995|Section 12-10-85. Purpose and use of State Rural Infrastructure Fund; grants.

 (A) Funds received by the department for the State Rural Infrastructure Fund must be deposited in the State Rural Infrastructure Fund of the council. The fund must be administered by the council for the purpose of providing financial assistance to local governments for infrastructure and other economic development activities including, but not limited to:  (1) training costs and facilities;  (2) improvements to regionally planned public and private water and sewer systems;  (3) improvements to both public and private electricity, natural gas, and telecommunications systems including, but not limited to, an electric cooperative, electrical utility, or electric supplier described in Chapter 27, Title 58;  (4) fixed transportation facilities including highway, rail, water, and air;  (5) site preparation;  (6) acquiring or improving real property; and  (7) relocation expenses, but only for those employees to whom the company is paying gross wages at least two times the lower of the per capita income for either the state or the county in which the project is located.  The council may retain up to five percent of the revenue received for the State Rural Infrastructure Fund for administrative, reporting, establishment of grant guidelines, review of grant applications, and other statutory obligations.  (B) Rural Infrastructure Fund grants must be available to benefit counties or municipalities designated as "Tier IV" or "Tier III" as defined in Section 12-6-3360 according to guidelines established by the council, except that up to twenty-five percent of the funds annually available in excess of ten million dollars must be set aside for grants to areas of "Tier II" and "Tier I" counties. A governing body of a "Tier II" or "Tier I" county must apply to the council for these set-aside grants stating the reasons that certain areas of the county qualify for these grants because the conditions in that area of the county are comparable to those conditions qualifying a county as "Tier IV" or "Tier III".  (C) For purposes of this section, "local government" means a county, municipality, or group of counties organized pursuant to Section 4-9-20(a), (b), (c), or (d).  (D) The council shall submit a report to the Governor and General Assembly by March fifteenth covering activities for the prior calendar year.  (E) The department shall retain unexpended or uncommitted funds at the close of the state's fiscal year of the State and expend the funds in subsequent fiscal years for like purposes.  HISTORY: 1996 Act No. 462, Section 3; 2000 Act No. 387, Part II, Section 57B, eff July 1, 2000; 2002 Act No. 332, Section 2, eff June 18, 2002; 2005 Act No. 161, Section 34, eff June 9, 2005; 2008 Act No. 353, Section 2, Pt 31C.1, eff July 1, 2008; 2010 Act No. 290, Section 14, eff January 1, 2011.
SC Code § 12-10-90 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 10 - Enterprise Zone Act Of 1995|Section 12-10-90. Levels of capital investment or employment in revitalization agreement; failure to achieve levels and effect thereof.

 If a qualifying business fails to achieve the level of capital investment or employment set forth in the revitalization agreement, the council may terminate the revitalization agreement and reduce or suspend all or any part of the incentives until the time the anticipated capital investment and employment levels are met. However, these incentives must not be suspended retroactively. The council shall provide in the revitalization agreement entered into in connection with a project for the levels of capital investment and employment which must be achieved and for the time period in which the levels must be achieved.  HISTORY: 1995 Act No. 25, Section 1; 1996 Act No. 462, Section 18.
SC Code § 12-10-105 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 10 - Enterprise Zone Act Of 1995|Section 12-10-105. Annual fees.

 In addition to the application fee provided in Section 12-10-100, an additional annual fee of one thousand dollars must be remitted by those qualifying businesses claiming in excess of ten thousand dollars of job development credits or in excess of forty thousand dollars in job retraining credits in one calendar year. The fee is due for each project that is subject to a revitalization agreement that exceeds ten thousand dollars or retraining agreement that exceeds forty thousand dollars in one calendar year and must be remitted to the Department of Revenue to be used to reimburse the department for costs incurred auditing reports required pursuant to Section 12-10-80(A). The fee becomes due at the time the single project's claims for job development credits exceeds ten thousand dollars or job retraining credits exceed forty thousand dollars for that calendar year.  HISTORY: 2002 Act No. 334, Section 7H, eff June 24, 2002; 2005 Act No. 145, Section 21, eff June 7, 2005; 2014 Act No. 279 (H.3644), Section 4.B, eff June 10, 2014.  Editor's Note  2014 Act No. 279, Section 4.C, provides as follows:  "C. This section takes effect upon approval by the Governor and applies to tax years beginning after December 31, 2013."  Effect of Amendment  2014 Act No. 279, Section 4.B, substituted "in excess of forty thousand dollars" for "in excess of ten thousand dollars" in the first sentence; in the second sentence, substituted "revitalization agreement that exceeds ten thousand dollars or retraining agreement that exceeds forty thousand dollars" for "revitalization or retraining agreement that exceeds ten thousand dollars"; and in the last sentence, substituted "exceeds ten thousand dollars or job retraining credits exceed forty thousand dollars" for "or job retraining credits exceeds ten thousand dollars".
SC Code § 12-10-110 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 10 - Enterprise Zone Act Of 1995|Section 12-10-110. Construction of chapter.

 This chapter must be liberally construed in conformity with the findings provided in Section 12-10-20.  HISTORY: 1995 Act No. 25, Section 1.
SC Code § 12-10-120 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 10 - Enterprise Zone Act Of 1995|Section 12-10-120. Job development credit requirements applicable to professional sports teams.

 No credit may be awarded pursuant to this chapter until the minimum job requirement set forth in Section 12-6-3360(M)(17) has been fully met. Further, the council may not award any partial credit if the same minimum job requirement is not fully met. The provisions of this section only apply to a professional sports team pursuant to Section 12-6-3360.  HISTORY: 2019 Act No. 83 (H.4243), Section 10, eff May 22, 2019.
SC Code § 12-11-10 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 11 - Income Tax On Banks|Section 12-11-10. "Banks" and "taxpayers" defined.

 For the purpose of this chapter and unless otherwise required by the context, the words "banks" and "taxpayers", whenever used in this chapter, shall mean any person engaged in a banking business, whether incorporated under the laws of this State, any other state or the United States or whether unincorporated, except cash depositories.  HISTORY: 1962 Code Section 65-401; 1952 Code Section 65-401; 1942 Code Section 2676; 1937 (40) 565; 1938 (40) 1762.
SC Code § 12-11-20 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 11 - Income Tax On Banks|Section 12-11-20. Tax on income of banks; rate.

 A tax is imposed upon every bank engaged in business in the State which shall be levied, collected and paid annually with respect to the entire net income of the taxpayer doing a banking business within this State or from the sales or rentals of property within this State, computed at the rate of four and one half per cent of the entire net income of such bank or taxpayer.  HISTORY: 1962 Code Section 65-402; 1952 Code Section 65-402; 1942 Code Section 2676; 1937 (40) 565; 1938 (40) 1762.
SC Code § 12-11-30 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 11 - Income Tax On Banks|Section 12-11-30. Income tax to be instead of other taxes; exceptions.

 The income tax provided for in this chapter is instead of all other taxes on banks, except the use tax, the deed recording fee, and taxes on real property. The real property of a bank is taxed in the place where it is located.  HISTORY: 1962 Code Section 65-403; 1952 Code Section 65-403; 1942 Code Section 2676; 1937 (40) 565; 1938 (40) 1762; 1974 (58) 2029; 1998 Act No. 432, Section 7.
SC Code § 12-11-40 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 11 - Income Tax On Banks|Section 12-11-40. Appropriate Chapter 6 provisions shall govern enforcement, administration, allocation and apportionment of income tax on banks.

 For the purpose of administration, allocation and apportionment, enforcement, collection, liens, penalties, and other similar provisions, all of the provisions of Chapter 6 of this title that may be appropriate or applicable are adopted and made a part of this chapter for the enforcement and administration of this chapter, including the requirement to make declarations of estimated tax and make estimated tax payments.  HISTORY: 1962 Code Section 65-404; 1952 Code Section 65-404; 1942 Code Section 2676; 1937 (40) 565; 1938 (40) 1762; 1987 Act No. 170, Part II, Section 2B; 1996 Act No. 248, Section 1.
SC Code § 12-11-50 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 11 - Income Tax On Banks|Section 12-11-50. Payment of tax; deposit into general fund.

 The taxes provided for in this chapter must be paid to the department as provided in Section 12-11-40 and the income tax paid under the provisions of this chapter must be deposited to the credit of the general fund of the State.  HISTORY: 1962 Code Section 65-405; 1952 Code Section 65-405; 1942 Code Section 2676; 1937 (40) 565; 1938 (40) 1762; 1991 Act No. 171, Part II, Section 22C.
SC Code § 12-11-60 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 11 - Income Tax On Banks|Section 12-11-60. Conditions rendering this chapter ineffective.

 In case the first sentence of Section 12-11-30 should for any reason be declared to be invalid by a court of competent jurisdiction, the provisions of Sections 2663 through 2675, 2677 and paragraphs (33), (34) and (53) of Section 2578 of the Code of 1942 shall be and remain in full force and effect and the income tax provided in this chapter shall not be effective.  HISTORY: 1962 Code Section 65-406; 1952 Code Section 65-406; 1942 Code Section 2676; 1937 (40) 565; 1938 (40) 1762.