The bill H. 3411 proposes an amendment to the South Carolina Code of Laws by adding Section 12-2-150. This new section mandates that the Department of Revenue must accept bank statements and credit card statements as valid proof of receipt, proof of purchase, and proof of expense. This change aims to streamline the documentation process for individuals and businesses when dealing with financial transactions and tax-related matters.

The bill does not specify any deletions from current law, indicating a straightforward addition to the existing legal framework. If enacted, this provision will take effect upon approval by the Governor, enhancing the flexibility of acceptable documentation for financial proof in South Carolina.

Statutes affected:
12/05/2024: 12-2-150
Latest Version: 12-2-150
12/06/2024: 12-2-150