S.C. Code Regs. 117-200.1 — Retention of Books and Records and the Use of Microfilm Reproduction of Books and

Records.
A person applying for or holding a license administered by the Department; liable for any tax, fee,
or surcharge administered by the Department; or required to file any return or statement with the
Department shall keep books, papers, memoranda, and records sufficient to establish the right to
obtain or hold a license; any amount required to be shown on any return or statement; or any tax, fee
or surcharge due, whether such amount due is paid with the filing of a return, electronically, or in any
other manner. For purposes of this subsection, a return includes information returns or reports.
Such books or records are required to be kept at all times available for inspection by agents or
auditors of the Department, and shall be retained for at least four years after the return was filed or
due to be filed, whichever is later.
Only on prior written approval of the Department may microfilm reproductions of supporting
records of details, such as but not limited to documents of original entry, purchase orders, invoices,
checks, vouchers and payroll records, be retained in lieu of actual documents and then only when the
following conditions are met:
1. The taxpayer will retain microfilm copies as long as the contents thereof may become material
in the administration of any law by the Department;
2. The taxpayer will provide appropriate facilities for preservation of the films and for the ready
inspection and location of the particular records, including a projector for viewing the records in the
event inspection is necessary; and
3. The taxpayer will be ready to make any transcripts of the information contained on the
microfilm which may be required.