South Carolina Code of Laws — Title 12 (Taxation)
S.C. Code Ann. § 12-54-126
Return of licenses
Official textscstatehouse.gov
A person operating a business within this State who has been issued a license or licenses by the department, after closing, selling, or otherwise transferring the business to another person, shall return all licenses issued by the department to the department for cancellation and remit unpaid or accrued taxes. The department may refuse to issue a license to a person and may revoke one or more licenses held by a person who has failed to comply with the provisions of this section.
Source: view the official text
In this chapter (40 sections)
- 12-54-25 · Interest due on late taxes; applicable interest rate
- 12-54-42 · Penalties for an employer for failure to furnish or file…
- 12-54-43 · Civil penalties and damages applicable to every tax or…
- 12-54-44 · Criminal penalties applicable to every tax or revenue law…
- 12-54-46 · Exemption certificate violations; penalties; exception
- 12-54-47 · Failure of tax preparer to include own taxpayer…
- 12-54-50 · Penalty for checks returned to department on account of…
- 12-54-55 · Interest on underpayment of declaration of estimated tax
- 12-54-70 · Extension of time for filing returns or paying tax;…
- 12-54-75 · Electronic collection of revenues
- 12-54-85 · Time limitation for assessment of taxes or fees; exceptions
- 12-54-87 · Timely filing discount
- 12-54-90 · Revocation of license to do business for failure to comply…
- 12-54-100 · Authority of department to conduct examination or…
- 12-54-110 · Power of department to summon taxpayer or other person;…
- 12-54-120 · Tax lien; property subject to seizure, levy, and sale;…
- 12-54-122 · Notice of lien required; exemptions from validity of lien;…
- 12-54-123 · Surrender of property upon which levy has been made;…
- 12-54-124 · Transfer of business assets; tax liens; suspension of…
- 12-54-125 · Withdrawal of warrants of distraint
- 12-54-126 · Return of licenses
- 12-54-127 · Transfer of personal or real property; liability for tax;…
- 12-54-130 · Service upon taxpayer's employer of notice to withhold…
- 12-54-135 · Notice of failure to withhold or remit sum due; liability…
- 12-54-138 · Recovery of duplicate refund
- 12-54-155 · Substantial underpayment of tax or substantial valuation…
- 12-54-160 · Waiver, dismissal or reduction of penalties
- 12-54-170 · Deposit and distribution of funds collected as penalties…
- 12-54-180 · Manner of collection of penalties and interest
- 12-54-190 · Precedence of this chapter over other statutes
- 12-54-195 · Penalty if responsible person fails to remit sales tax to…
- 12-54-196 · Collection of excessive tax by retailer; refunds; penalty;…
- 12-54-200 · Requirement of bond securing payment of taxes, penalties,…
- 12-54-210 · Requirements as to keeping of books and records, making of…
- 12-54-220 · Furnishing of tax returns or information to other states or…
- 12-54-225 · Authority of department to enter into agreements with other…
- 12-54-227 · Out-of-state collections
- 12-54-230 · Access to Employer's Quarterly Report
- 12-54-240 · Disclosure of records of and reports and returns filed with…
- 12-54-250 · Authority of Department of Revenue to require payment with…