Before doing business in this State or receiving a retail license, retailers subject to the license requirements of this article not having a permanent retail sales location may be required to make a cash deposit or post bond. The bond, determined by the department, must be equal to at least the retailers annual sales tax liability.
S.C. Code Ann. § 12-36-520
Bond requirement for retailers without permanent sales location
Known as the South Carolina Sales and Use Tax Act
The act spans §§ 12–12 (76 sections).
1990 Act No. 612, Part II, SECTION 74A.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.