reglab/housing_qa huggingface dataset:
SC Code § 12-20-10 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 20 - Corporation License Fees|Section 12-20-10. Definitions.

 For the purposes of this chapter:  (1) "Department" means the South Carolina Department of Revenue.  (2) "Taxable year" means the calendar year or the fiscal year used in computing taxable income under Chapter 6 of this title.  (3) "Domestic corporation" means a corporation incorporated under the laws of this State.  (4) "Foreign corporation" means a corporation not incorporated under the laws of this State.  HISTORY: 1995 Act No. 76, Section 3.
SC Code § 12-20-20 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 20 - Corporation License Fees|Section 12-20-20. Corporations to file annual reports; time of filing; extension of time for filing annual report.

 (A) Except for those corporations described in Section 12-20-110, every domestic corporation, every foreign corporation qualified to do business in this State, and any other corporation required by Section 12-6-4910 to file income tax returns shall file an annual report with the department.  (B) Unless otherwise provided, corporations shall file an annual report on or before the fifteenth day of the fourth month following the close of the taxable year.  (C) The department, for good cause, may allow an extension of time for filing an annual report. A request for an extension of time for filing an annual report must be filed in accordance with Section 12-6-4980. An extension of time for filing does not extend the time for paying the license fee due.  HISTORY: 1995 Act No. 76, Section 3; 1999 Act No. 114, Section 3; 2002 Act No. 334, Section 8C, eff June 24, 2002; 2002 Act No. 363, Section 1D, eff August 2, 2002; 2016 Act No. 160 (H.4328), Section 4.D, eff April 21, 2016.  Editor's Note  2002 Act No. 334, Section 8.E and 2002 Act No. 363, Section 1.F provide as follows:  "This section takes effect upon approval by the Governor and applies for estimated taxes due after 2002."  2016 Act No. 160, Section 4.E, provides as follows:  "E. This SECTION takes effect upon approval by the Governor and first applies to tax years beginning after 2015."  Effect of Amendment  2016 Act No. 160, Section 4.D, substituted "fourth month" for "third month".
SC Code § 12-20-30 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 20 - Corporation License Fees|Section 12-20-30. Form and contents of annual report; public inspection.

 (A) The annual report must be in a form prescribed by the department and Secretary of State and contain all information that the department or the Secretary of State may require for the administration of the provisions of this chapter and the provisions of Title 33. The information in the annual report must be current as of the date the annual report is executed on behalf of the corporation and contain the following information:  (1) the name of the corporation and the state or country of incorporation;  (2) the address of the registered office and the name of the registered agent in this State;  (3) the address of the principal office;  (4) the names and business addresses of the directors and principal officers;  (5) a brief description of the nature of the business;  (6) the total number of authorized shares of stock, itemized by class and series, if any, within each class; and  (7) the total number of issued and outstanding shares of stock, itemized by class and series, if any, within each class.  The information required by this subsection is open to unrestricted public inspection. Any person may request a copy of the information from either the Secretary of State or the department.  (B) The Secretary of State or the department may by regulation permit the public disclosure of other information that is required to be filed as part of the corporation's annual report in addition to the information required by subsection (A).  HISTORY: 1995 Act No. 76, Section 3.
SC Code § 12-20-40 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 20 - Corporation License Fees|Section 12-20-40. Initial annual report and minimum license fee to be filed with initial articles of incorporation or application for certificate of authority.

 (A) An initial annual report and the minimum license fee required by Sections 12-20-50 and 12-20-100(C) must be filed with the Secretary of State with the initial articles of incorporation filed by a domestic corporation, an application for certificate of authority filed by a foreign corporation, or the articles of domestication filed by a corporation domesticating in South Carolina, as appropriate. The initial annual report must be submitted to the department by the Secretary of State and contain the information required in Section 12-20-30(A).  (B) A corporation that does not file an application for certificate of authority with the Secretary of State shall file the initial annual report and pay the minimum license fee required by Sections 12-20-50 and 12-20-100 to the department on or before sixty days after initially doing business, or using a portion of its capital in this State.  HISTORY: 1995 Act No. 76, Section 3; 2004 Act No. 221, Section 40, eff April 29, 2004.
SC Code § 12-20-60 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 20 - Corporation License Fees|Section 12-20-60. Proration of tax where business is conducted partly outside the State; minimum license fee may not be apportioned.

 When a corporation does business partly within and partly without this State or uses its capital partly within and partly without this State, the amount of the license fee provided for in Section 12-20-50 must be apportioned in accordance with the ratio prescribed for income tax purposes in the taxable year preceding the year in which the annual report is filed. The minimum license fee, however, may not be apportioned.  HISTORY: 1995 Act No. 76, Section 3.
SC Code § 12-20-70 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 20 - Corporation License Fees|Section 12-20-70. License tax where combined return is filed; applicability of minimum license fee.

 When a combined income tax return is filed, the license fee provided for by this chapter is measured by the total capital and paid-in or capital surplus of each corporation considered separately without offset for investment of one corporation in the capital or surplus of another corporation in the group. The minimum license fee applies to each corporation in the combined group.  HISTORY: 1995 Act No. 76, Section 3.
SC Code § 12-20-80 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 20 - Corporation License Fees|Section 12-20-80. Prorated license fee.

 (A) If a corporation's taxable year is changed and results in the filing of an income tax return for less than twelve months, the license fee due with the short period return must be prorated by dividing the annual license fee by twelve and multiplying the result by the number of months in the short period. Each part of a month is considered a full month for purposes of this section. This prorated fee may not be less than the minimum license fee provided in Section 12-20-50(A).  (B) The proration provided in this section applies only to short periods due to a change in accounting period and does not apply to short periods due to initial or final returns.  HISTORY: 1995 Act No. 76, Section 3.
SC Code § 12-20-90 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 20 - Corporation License Fees|Section 12-20-90. License fee for bank holding, insurance holding, or savings and loan holding company; definitions.

 The amount of the license fee required by Section 12-20-50 for a bank holding company, insurance holding company system, and savings and loan holding company must be measured by the capital stock and paid-in surplus of the holding company exclusive of the capital stock and paid-in surplus of a bank, insurer, or savings and loan association that is a subsidiary of the holding company. For the purposes of this section, "bank", "bank holding company", and "subsidiary" of a bank holding company have the same definitions as in Section 34-25-10; "insurer", "insurance holding company system", and a "subsidiary" of an insurance holding company system have the same definitions as in Section 38-21-10; and savings and loan "association", "savings and loan holding company", and a "subsidiary" of a savings and loan company have the same definitions as in Section 34-28-300.  HISTORY: 1995 Act No. 76, Section 3; 2001 Act No. 89, Section 19, eff July 20, 2001; 2007 Act No. 110, Section 22, eff June 21, 2007; 2007 Act No. 116, Section 28, eff June 28, 2007, applicable for tax years beginning after 2007.
SC Code § 12-20-100 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 20 - Corporation License Fees|Section 12-20-100. License tax on utilities and electric cooperatives; tax based on value of property; additional tax based on gross receipts; payment; consolidated or combined return; minimum license fee.

 (A) In the place of the license fee imposed by Section 12-20-50, every express company, street railway company, navigation company, waterworks company, power company, electric cooperative, light company, gas company, telegraph company, and telephone company shall file an annual report with the department and pay a license fee as follows:  (1) one dollar for each thousand dollars, or fraction of a thousand dollars, of fair market value of property owned and used within this State in the conduct of business as determined by the department for property tax purposes for the preceding taxable year; and  (2)(a) three dollars for each thousand dollars, or fraction of a thousand dollars, of gross receipts derived from services rendered from regulated business within this State during the preceding taxable year, except that with regard to electric cooperatives, only distribution electric cooperatives are subject to the gross receipts portion of the license fee under this subitem (2)(a).  (b) When a consolidated return is filed pursuant to Section 12-6-5020, the phrase "the gross receipts derived from services rendered from regulated business" does not include gross receipts arising from transactions between the separate members of the return group.  (B) The minimum license fee under this section is the same as provided in Section 12-20-50(A). When a combined return is filed, the minimum license fee applies to each corporation in the combined group.  HISTORY: 1995 Act No. 76, Section 3.
SC Code § 12-20-110 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 20 - Corporation License Fees|Section 12-20-110. Chapter provisions inapplicable to certain organizations, companies and associations.

 The provisions of this chapter do not apply to any:  (1) nonprofit corporation organized pursuant to Chapter 31, Title 33 and exempt from income taxes pursuant to Section 501 of the Internal Revenue Code of 1986;  (2) volunteer fire department and rescue squad;  (3) cooperative organized pursuant to Title 33;  (4) bank, building and loan association, or credit union doing a strictly mutual business;  (5) insurance company or association including a fraternal, beneficial, or mutual protection insurance company;  (6) foreign corporation whose entire income is excluded from gross income for federal income tax purposes due to a treaty obligation of the United States; or  (7) homeowners' association within the meaning of Internal Revenue Code Section 528(c)(1).  (8) community development entity certified by the United States Department of the Treasury through the Community Development Financial Institution Fund as a company established to distribute allocations received as a part of the New Market Tax Credit Program.  HISTORY: 1995 Act No. 76, Section 3; 2001 Act No. 89, Section 20, eff July 20, 2001; 2006 Act No. 384, Section 10, eff June 14, 2006.
SC Code § 12-20-120 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 20 - Corporation License Fees|Section 12-20-120. Annual report to be signed by person authorized to make report.

 The annual report required by this chapter must be signed by a person duly authorized to make the report.  HISTORY: 1995 Act No. 76, Section 3.
SC Code § 12-20-130 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 20 - Corporation License Fees|Section 12-20-130. Forms for reports; effect of failure to receive or secure form.

 The department shall prepare blank forms for the initial annual report. For subsequent reports the department shall combine the corporate income tax return and the annual report into one form. Failure to receive or secure the form does not relieve a taxpayer from the obligation of making the return or report at the time required.  HISTORY: 1995 Act No. 76, Section 3.
SC Code § 12-20-140 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 20 - Corporation License Fees|Section 12-20-140. Department's receipt constitutes certificate of compliance and license.

 The department's receipt showing the payment of the annual fees prescribed by this chapter constitutes a certificate of compliance with the provisions of this chapter and licenses the corporation for the taxable year of the corporation for which the annual report is filed.  HISTORY: 1995 Act No. 76, Section 3.
SC Code § 12-20-150 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 20 - Corporation License Fees|Section 12-20-150. Department to administer provisions of chapter; rules and regulations.

 The department may promulgate regulations necessary to enforce and administer the provisions of this chapter. These regulations have the force of law.  HISTORY: 1995 Act No. 76, Section 3; 2003 Act No. 69, Section 3.H, eff June 18, 2003.
SC Code § 12-20-160 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 20 - Corporation License Fees|Section 12-20-160. Corporate license fee deemed to be tax.

 For purposes of this chapter and for purposes of administrative and enforcement provisions of this title, the corporate license fee is deemed to be a tax.  HISTORY: 1995 Act No. 76, Section 3.
SC Code § 12-20-170 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 20 - Corporation License Fees|Section 12-20-170. Amounts collected under chapter to be deposited to credit of State Treasurer.

 All amounts collected by the department under this chapter must be deposited to the credit of the State Treasurer.  HISTORY: 1995 Act No. 76, Section 3.
SC Code § 12-20-175 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 20 - Corporation License Fees|Section 12-20-175. Reduction of license fees due to tax credits.

 License fees may be reduced by credits provided in Section 12-6-3410 or Section 12-6-3480, or both of them.  HISTORY: 1998 Act No. 432, Section 8.
SC Code § 12-21-10 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 21 - Stamp And Business License Tax|Section 12-21-10. Administration of chapter; rules and regulations; county officers shall assist.

 The department shall administer and enforce the taxes imposed by this chapter and shall prescribe rules and regulations pertinent to such enforcement. County treasurers and other county officers designated by the department shall assist in such administration by distributing regulations, giving information, selling stamps, reporting violations and in other ways not inconsistent with their respective offices to the extent and in the manner required by regulations of the department.  HISTORY: 1962 Code Section 65-651; 1952 Code Section 65-651; 1942 Code Sections 2526, 2529, 2531, 2546; 1932 Code Sections 2526, 2529, 2531, 2546; 1928 (35) 1089; 1929 (36) 114; 1930 (36) 1354; 1932 (37) 1493; 1934 (38) 1577; 1935 (39) 282; 1936 (39) 1377, 1591, 1771; 1938 (40) 1799; 1940 (41) 1921; 1947 (45) 106.
SC Code § 12-21-20 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 21 - Stamp And Business License Tax|Section 12-21-20. Preparation and distribution of stamps.

 The department shall cause to be prepared and distributed for the payment of the taxes prescribed in this chapter stamps suitable for denoting the tax on the documents or articles enumerated in this chapter.  HISTORY: 1962 Code Section 65-652; 1952 Code Section 65-652; 1942 Code Sections 2525, 2528, 2532; 1932 Code Sections 2525, 2528, 2532; 1928 (35) 1089; 1930 (36) 1358; 1932 (37) 1319, 1378; 1933 (38) 245, 923; 1937 (40) 539.
SC Code § 12-21-30 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 21 - Stamp And Business License Tax|Section 12-21-30. Sale of stamps.

 The department may engage any person to sell tax stamps and shall allow as compensation for receiving, selling and accounting for such stamps three per cent of the sale price thereof.  HISTORY: 1962 Code Section 65-653; 1952 Code Section 65-653; 1942 Code Sections 2528, 2532; 1932 Code Sections 2528, 2532; 1928 (35) 1089; 1930 (36) 1358; 1932 (37) 1319; 1933 (38) 245, 293; 1937 (40) 539.
SC Code § 12-21-40 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 21 - Stamp And Business License Tax|Section 12-21-40. Affixing of stamps.

 Stamps shall be affixed in such manner that their removal will require continued application of steam or water. But the department may prescribe such other method for the affixing of such stamps in substitution for or in addition to the method provided in this section as it may deem expedient.  HISTORY: 1962 Code Section 65-654; 1952 Code Section 65-654; 1942 Code Sections 2523, 2525, 2528, 2531, 2534; 1932 Code Sections 2523, 2525, 2528, 2531, 2534; 1928 (35) 1089; 1929 (36) 114; 1930 (36) 1358; 1932 (37) 1319, 1378, 1493; 1934 (38) 1577; 1935 (39) 282; 1936 (39) 1377, 1591, 1771; 1937 (40) 539; 1938 (40) 1799; 1940 (41) 1921.
SC Code § 12-21-50 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 21 - Stamp And Business License Tax|Section 12-21-50. Use of business license meter impressions.

 The use of business license meter impressions, in lieu of revenue stamps, on cigarettes or other commodities required by law to carry State revenue stamps, may be permitted, in the discretion of the department.  HISTORY: 1962 Code Section 65-654.1; 1954 (48) 1566.
SC Code § 12-21-60 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 21 - Stamp And Business License Tax|Section 12-21-60. Cancellation of stamps.

 Whenever an adhesive stamp is used for denoting any tax imposed by this chapter on documents, except as otherwise provided, the person using or affixing such stamp shall write, stamp or cause to be written or stamped thereon the initials of his name and the date upon which the stamp is attached or used, so that it may not again be used. But the department may prescribe such other method for the cancellation of such stamps as it may deem expedient.  HISTORY: 1962 Code Section 65-655; 1952 Code Section 65-655; 1942 Code Section 2523; 1932 Code Section 2523; 1928 (35) 1089.
SC Code § 12-21-70 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 21 - Stamp And Business License Tax|Section 12-21-70. Fee for issuing duplicate license.

 Whenever any license required under the provisions of this chapter is lost or misplaced or for any reason the issuance of a duplicate license is necessitated, the person to whom such duplicate license is issued shall pay a fee of one dollar for the issuance of such duplicate to the department. The fee shall be turned in to the State Treasurer as other funds collected by the department.  HISTORY: 1962 Code Section 65-656; 1952 Code Section 65-656; 1942 Code Section 2552; 1932 Code Section 2552; 1928 (35) 1089.
SC Code § 12-21-80 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 21 - Stamp And Business License Tax|Section 12-21-80. Payment of tax by temporary, transient or itinerant businesses; penalties.

 In the case of any person engaging in a temporary, transient or itinerant business which is taxable under the provisions of this chapter, the entire tax shall be paid upon demand by the department or any duly authorized agent thereof, and in case the tax is not paid upon demand all penalties provided for by this chapter shall immediately apply.  HISTORY: 1962 Code Section 65-657; 1952 Code Section 65-657; 1942 Code Sections 2542, 2545; 1932 Code Sections 2542,2545; 1928 (35) 1089.
SC Code § 12-21-90 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 21 - Stamp And Business License Tax|Section 12-21-90. Refunds when goods have been shipped out of State; affidavit and acknowledgment.

 In case any goods, wares or merchandise upon which business or soft drinks license stamps or soft drinks license crowns have been placed or have been sold and shipped to a regular dealer in such articles in another state, the seller in this State shall be entitled to a refund of the actual amount of the tax paid upon condition that the seller in this State shall make affidavit that the goods were so sold and shipped and that he shall furnish from the purchaser a written acknowledgment that he has received such goods and the amount of stamps or crowns thereon, together with the name and address of the purchaser. Upon receipt of such affidavit and acknowledgment the department shall issue to the seller in this State its warrant or order upon the State Treasurer for the amount thereof, which warrant or order shall be paid by the State Treasurer or, in the case of soft drink license stamps or crowns, such stamps or crowns of sufficient value to cover the refund.  HISTORY: 1962 Code Section 65-658; 1952 Code Section 65-658; 1942 Code Sections 2528, 2534; 1932 Code Sections 2528, 2534; 1928 (35) 1089; 1930 (36) 1358; 1932 (37) 1319; 1937 (40) 539.
SC Code § 12-21-100 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 21 - Stamp And Business License Tax|Section 12-21-100. Exemption of certain articles sold to United States for military use or resale to military personnel; sale to ships engaged in foreign or coastwise shipping.

 Beer, wine, soft drinks or any goods, wares and merchandise subject to tax under the provisions of this chapter shall be exempt from such tax when sold to the United States Government or United States Government instrumentality for Army, Navy, Marine or Air Force purposes and delivered to a place lawfully ceded to the United States, or delivered to a ship belonging to the United States Navy for distribution and sale to members of the military establishment only, or when sold and delivered to ships regularly engaged in foreign or coastwise shipping between points in this State and points outside the State. Any goods, the sale of which is exempt by this section, may be stored and delivered without payment of the tax imposed by this chapter if stored and delivered in accordance with regulations to be promulgated by the South Carolina Department of Revenue.  HISTORY: 1962 Code Section 65-659; 1952 Code Section 65-659; 1942 Code Sections 2528, 2534; 1932 Code Sections 2528, 2534; 1928 (35) 1089; 1930 (36) 1358; 1932 (37) 1319; 1937 (40) 539; 1966 (54) 2591; 1993 Act No. 181, Section 130.
SC Code § 12-21-110 (2021)
2021 South Carolina Code of Laws|Title 12 - Taxation|Chapter 21 - Stamp And Business License Tax|Section 12-21-110. Refunds when goods have been damaged.

 The department may promulgate rules and regulations providing for the refund to dealers of the cost of stamps affixed to goods which by reason of damage become unfit for sale and are destroyed by the dealer or returned to the manufacturer or, in the case of the soft drink tax, in the event of any other legitimate loss that may occur upon proof of such loss to manufacturers.  HISTORY: 1962 Code Section 65-661; 1952 Code Section 65-661; 1942 Code Sections 2528, 2534; 1932 Code Sections 2528, 2534; 1928 (35) 1089; 1930 (36) 1358; 1932 (37) 1319; 1937 (40) 539.