South Carolina Governor Nikki Haley has signed a bill authorizing the South Carolina Department of Revenue to designate an amnesty period during which penalties and interest, or a portion of them, will be waived for taxpayers that voluntarily file and pay all taxes owed. If the department establishes an amnesty period, it must notify the South Carolina General Assembly of the amnesty period at least 60 days before the start of the amnesty period.
Amnesty will be granted to taxpayers that request an amnesty form and voluntarily file all delinquent tax returns and pay in full all taxes due; voluntarily file an amended tax return to correct an incorrect or insufficient original return and pay all taxes due; or voluntarily pay in full all previously assessed tax liabilities due within an extended amnesty period as determined by the department. The department may set up installment agreements so long as all taxes are paid within this period.
A taxpayer who has an appeal pending with respect to an assessment is eligible to participate in the amnesty program if the taxpayer pays all taxes owed. However, amnesty will not be granted to a taxpayer who is the subject of a state tax-related criminal investigation or criminal prosecution.
S.B. 526, Laws 2015, effective June 8, 2015