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South Carolina: Tax Amnesty Proposed

  • Mar 13, 2015 | Gail Cole

 The African-American Monument, South Carolina capitol.


South Carolina Department of Revenue to create a tax amnesty program.

If enacted as written, Senate Bill 526 would allow the department to create a three month amnesty. Program participants would be required to voluntarily file returns and pay in full “all previously assessed tax liabilities” during the amnesty period. Taxpayers who are the subject of a state tax-related criminal investigation or prosecution would not be eligible to participate in the program.

The department would waive penalties and interest on delinquent taxes for successful participants of the amnesty program. If necessary, the department could create an installment agreement with a participating taxpayer, so long as the agreement is “agreed upon before the close of the amnesty period….” However, penalties and interest would not be waived for taxpayers with outstanding liabilities for periods not covered by the tax amnesty.

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photo credit: The African-American Monument via photopin (license)

Sales tax rates, rules, and regulations change frequently. Although we hope you'll find this information helpful, this blog is for informational purposes only and does not provide legal or tax advice.
Gail Cole
Avalara Author
Gail Cole
Gail Cole
Avalara Author Gail Cole
Gail began researching and writing about sales tax in 2012 and has been fascinated with it ever since. She has a penchant for uncovering unusual tax facts, and endeavors to make complex sales tax laws more digestible for both experts and laypeople.