When a return required by this chapter is filed and the taxes shown due on the return are paid in full on or before the final due date, including any date to which the time for making the return and paying the tax has been extended by the Department of Revenue, the person must be allowed a discount equal to one percent of the taxes shown to be due by the return. In no case shall any discount be allowed if either the return or the tax thereon is received by the department after the date due, or after the expiration of any extension granted by the department. The discount permitted a person under this section shall not exceed forty thousand dollars during any one fiscal year.
HISTORY: 1984 Act No. 512, Part II, Section 65A; 1993 Act No. 181, Section 193.
Structure South Carolina Code of Laws
Chapter 33 - Alcoholic Beverages Taxes
Section 12-33-10. Definitions.
Section 12-33-20. Taxes shall be in lieu of certain other taxes and licenses.
Section 12-33-30. Collection and distribution of taxes.
Section 12-33-40. Municipalities entitled to share in tax.
Section 12-33-50. Disposition of bond forfeitures.
Section 12-33-70. Rules and regulations of Department of Revenue.
Section 12-33-210. Taxes on licenses granted under Alcoholic Beverage Control Act; filing fee.
Section 12-33-230. License tax on sales; rate.
Section 12-33-240. Additional sales tax; rate.
Section 12-33-260. Payment and collection; taxes shall be debt owed to State and lien.
Section 12-33-410. Imposition of tax; rate.
Section 12-33-420. Additional tax; rate; payment and collection; penalties; disposition of proceeds.
Section 12-33-425. Nine percent surtax on alcoholic liquor.
Section 12-33-430. "Standard case of alcoholic liquors" defined.
Section 12-33-440. Tax not computed in markup or passed on to consumer.
Section 12-33-450. Monthly reports.
Section 12-33-460. Additional tax upon each case sold.
Section 12-33-475. Military tax exemption.
Section 12-33-485. Discount for timely payment of tax.
Section 12-33-490. Collection and use of additional taxes.
Section 12-33-500. Article shall be supplementary.
Section 12-33-620. Duty of officer discovering mixture; notice of tax due; time for payment.
Section 12-33-630. Unpaid tax constitutes a debt owed to State; lien; levy and collection.