The proceeds of the collection assistance fee must be credited to a special account within the department and must be used to fund the South Carolina Business One Stop (SCBOS) program within the department. Any excess proceeds of the collection assistance fee above the amount required to fund the SCBOS program must be credited to the department to be retained and expended for use in budgeted operations.
S.C. Code Ann. § 12-55-70
Disposition of proceeds
Known as the Overdue Tax Debt Collection Act
The act spans §§ 12–12 (9 sections).
2005 Act No. 145, SECTION 4.A, eff June 7, 2005.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.