The bill H. 3513 aims to amend the South Carolina Code of Laws by adding a new section, 6-1-780, which restricts local governing bodies from imposing penalties, fines, or additional costs for late payments of local hospitality taxes. Specifically, it states that any such charges for payments received within seven days of the due date cannot exceed five percent of the delinquent tax amount. This provision is intended to provide relief to taxpayers who may face minor delays in their hospitality tax payments.

Upon receiving approval from the Governor, the act will take effect on the first day of the second month following the approval and will apply to local hospitality taxes accruing from that date onward. This legislative change seeks to create a more lenient framework for managing late hospitality tax payments, potentially easing the financial burden on local businesses and taxpayers.

Statutes affected:
12/05/2024: 6-1-780
Latest Version: 6-1-780