(A) Notwithstanding any other provision of law, the department may submit to a financial institution, as defined in Section 63-17-2310(A)(2), information that identifies a debtor named on a warrant for distraint that has been issued and filed by the department or whose debt has been submitted to the department for collection under the provisions of Section 12-4-580. For purposes of debts named on warrants for distraint, the debt must be at least one hundred eighty days old from the date of assessment. The department may submit the information to the financial institution on a quarterly basis or, with the agreement of the financial institution, on a more frequent basis. A financial institution that receives the information must conduct a data match. The financial institution must then provide to the department, in a manner and form prescribed by the department, information concerning the debtor for purposes of collecting outstanding debts. The information provided to the department must include, but is not limited to, the information required pursuant to Section 63-17-2320(A). The financial institution must be paid a reasonable fee out of the collected funds not to exceed actual cost.
(B) Notwithstanding any other provision of law, a financial institution is not liable to a person for disclosure of information to the department, its designee, or the department's or its designee's employees pursuant to subsection (A) or for encumbering or surrendering any deposits, credits, or other personal property in response to a notice of lien or levy by the department, or its designee, or for any other action taken in good faith to comply with the requirements of subsection (A).
HISTORY: 2019 Act No. 46 (S.323), Section 1, eff May 16, 2019.
Structure South Carolina Code of Laws
Section 12-54-10. Definitions.
Section 12-54-17. Action by Attorney General to recover taxes, penalties, and interest.
Section 12-54-25. Interest due on late taxes; applicable interest rate.
Section 12-54-46. Exemption certificate violations; penalties; exception.
Section 12-54-50. Penalty for checks returned to department on account of insufficient funds.
Section 12-54-55. Interest on underpayment of declaration of estimated tax.
Section 12-54-75. Electronic collection of revenues.
Section 12-54-85. Time limitation for assessment of taxes or fees; exceptions.
Section 12-54-87. Timely filing discount.
Section 12-54-90. Revocation of license to do business for failure to comply with law.
Section 12-54-100. Authority of department to conduct examination or investigation.
Section 12-54-123. Surrender of property upon which levy has been made; liability to taxpayer.
Section 12-54-125. Withdrawal of warrants of distraint.
Section 12-54-126. Return of licenses.
Section 12-54-138. Recovery of duplicate refund.
Section 12-54-155. Substantial underpayment of tax or substantial valuation misstatement.
Section 12-54-160. Waiver, dismissal or reduction of penalties.
Section 12-54-170. Deposit and distribution of funds collected as penalties and interest.
Section 12-54-180. Manner of collection of penalties and interest.
Section 12-54-190. Precedence of this chapter over other statutes.
Section 12-54-195. Penalty if responsible person fails to remit sales tax to Department of Revenue.
Section 12-54-196. Collection of excessive tax by retailer; refunds; penalty; defenses.
Section 12-54-200. Requirement of bond securing payment of taxes, penalties, and interest.
Section 12-54-227. Out-of-state collections.
Section 12-54-230. Access to Employer's Quarterly Report.
Section 12-54-260. Setoff for delinquent taxes.
Section 12-54-265. Information on debtor named in warrant for distraint.
Section 12-54-270. Returned refund check as unclaimed property.