The bill H. 3513 proposes an amendment to the South Carolina Code of Laws by adding 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 if the payment is received within seven days of the due date, the total penalties cannot exceed five percent of the delinquent tax amount. This aims to provide some leniency for taxpayers who may be slightly late in their payments.

The bill will take effect on the first day of the second month following the Governor's approval and will apply to local hospitality taxes accruing from that date onward. This legislative change is intended to alleviate the financial burden on taxpayers and streamline the process of local hospitality tax collection.

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