Bill Text: SC S0312 | 2019-2020 | 123rd General Assembly | Comm Sub
Bill Title: DOR; allow DOR to submit certain information to a financial institution regarding a debtor that has been named on a warrant for distraint
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2019-01-08 - Referred to Committee on Finance [S0312 Detail]
Download: South_Carolina-2019-S0312-Comm_Sub.html
COMMITTEE REPORT
February 5, 2019
S. 312
S. Printed 2/5/19--S.
Read the first time January 8, 2019.
To whom was referred a Bill (S. 312) to amend Chapter 54, Title 12 of the 1976 Code, relating to the uniform method of collection and enforcement of taxes levied and assessed by the South Carolina Department of Revenue, etc., respectfully
That they have duly and carefully considered the same and recommend that the same do pass:
HUGH K. LEATHERMAN, SR. for Committee.
A BILL
TO AMEND CHAPTER 54, TITLE 12 OF THE 1976 CODE, RELATING TO THE UNIFORM METHOD OF COLLECTION AND ENFORCEMENT OF TAXES LEVIED AND ASSESSED BY THE SOUTH CAROLINA DEPARTMENT OF REVENUE, BY ADDING SECTION 12-54-265, TO ALLOW THE DEPARTMENT OF REVENUE TO SUBMIT CERTAIN INFORMATION TO A FINANCIAL INSTITUTION REGARDING A DEBTOR THAT HAS BEEN NAMED ON A WARRANT FOR DISTRAINT, AND TO REQUIRE THE FINANCIAL INSTITUTION TO PROVIDE CERTAIN INFORMATION TO THE DEPARTMENT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 54, Title 12 of the 1976 Code is amended by adding:
"Section 12-54-265. Notwithstanding any other provision of law, the department may submit to a financial institution, as defined in Section 63-17-2310(A)(2), information that identifies a debtor named on a warrant for distraint that has been issued and filed by the department or a debtor whose debt has been submitted to the department for collection under the provisions of Section 12-4-580. For purposes of debts named on warrants for distraint, the debt must be at least one hundred eighty days old from the date of assessment. The department may submit the information to the financial institution on a quarterly basis or, with the agreement of the financial institution, on a more frequent basis. The financial institution that receives the information must conduct a data match. The financial institution must then provide to the department, in a manner and on a form prescribed by the department, information concerning the debtor for purposes of collecting outstanding debts. The information provided to the department must include, but is not limited to, the information required pursuant to Section 63-17-2320(A). The financial institution must be paid a reasonable fee out of the collected funds not to exceed actual cost."
SECTION 2. This act takes effect upon approval by the Governor.
