Tax Law Insights

The "South Carolina Small Business Regulatory Flexibility Act of 2004" requires the South Carolina Department of Revenue (DOR) to review its regulations every five years to ensure that regulations do not place any unnecessary burdens on small businesses. Another provision of South Carolina law requires DOR to review its regulations every five years to determine if they should be retained, amended or repealed. At the conclusion of the review process DOR prepares a report and provides it to the South Carolina Small Business Regulatory Review Committee and the South Carolina Code ...