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 forms of proof for receipt, purchase, and expense. This change aims to streamline the documentation process for individuals and businesses when dealing with financial transactions and tax-related matters.

The bill emphasizes that this provision will take precedence over any conflicting laws, thereby ensuring that bank and credit card statements are recognized as legitimate evidence in financial dealings with the Department of Revenue. The act is set to take effect upon receiving approval from the Governor.

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