The bill H. 3876 aims to amend the South Carolina Code of Laws to clarify the responsibilities of accommodations intermediaries and providers regarding the collection and remittance of taxes and fees associated with accommodations. It introduces a new section, 12-36-72, which defines key terms such as "accommodations intermediary," "accommodations provider," and "merchant of record." The bill specifies that accommodations intermediaries are responsible for collecting and remitting taxes unless a professional property management company is involved, in which case that company becomes the merchant of record. Additionally, it mandates that both accommodations intermediaries and providers submit an annual report detailing accommodations rented for more than fourteen days.

The bill also amends several existing sections to include accommodations intermediaries in the definition of retailers and to clarify the collection and remittance processes for local accommodations taxes and the beach preservation fee. It requires local governments to notify the Department of Revenue and the State Treasurer of any new taxes or changes to existing taxes at least sixty days prior to their implementation. Overall, the bill seeks to streamline tax collection processes related to accommodations and ensure compliance with state tax laws.

Statutes affected:
01/30/2025: 12-36-72, 12-36-70, 12-36-920, 6-1-510, 6-1-520, 6-1-570, 6-1-630, 5-7-30
Latest Version: 12-36-72, 12-36-70, 12-36-920, 6-1-510, 6-1-520, 6-1-570, 6-1-630, 5-7-30