South Carolina Code 12-28-1380. Persons purchasing gallons user fee-exempt for resale to government entities must file report
Current as of: 2023 | Check for updates
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(A) A person purchasing gallons user fee-exempt acquired pursuant to § 12-28-740(1) for resale to government entities exempted under § 12-28-710 shall file a report.
(B) The report must contain:
Terms Used In South Carolina Code 12-28-1380
- Department: means the South Carolina Department of Revenue. See South Carolina Code 12-28-110
- Net gallons: means the remaining product, after all considerations and deductions have been made, measured in United States gallons, corrected to a temperature of sixty degrees Fahrenheit, thirteen degrees Celsius, and a pressure of fourteen and seven-tenths pounds a square inch, the ultimate end amount. See South Carolina Code 12-28-110
- Person: means a natural person, a partnership, a firm, an association, a corporation, a representative appointed by a court, the State, a political subdivision or any other entity, group, or syndicate. See South Carolina Code 12-28-110
- Supplier: means a person who meets all the following conditions:
(i) is subject to the general taxing jurisdiction of this State;
(ii) is registered under Section 4101 of the Internal Revenue Code for transactions in taxable motor fuels in the bulk transfer/terminal distribution system; and
(iii) is one of the following:
1. See South Carolina Code 12-28-110
(1) total volume of net gallons acquired from the authorized supplier user fee-exempt;
(2) identification of authorized supplier;
(3) a detailed listing of the bulk deliveries to each user fee-exempt person segregated by authorization code;
(4) date of deliveries;
(5) volume delivered;
(6) amount of excess tax-exempt gallons sold over purchases or excess of user fee-exempt purchases over sales;
(7) the amount of penalty at ten percent of the amount by which excess of user fee-exempt purchases over sales exceeds five percent of user fee-exempt purchases;
(8) other information the department may require;
(9) sworn statement by the vendor as to the accuracy of the information contained in the report.