South Carolina § 12-8-2020 Refund of credit for overpayment.

South Carolina Statutes

§ 12-8-2020 — Refund of credit for overpayment.

South Carolina·Title 12 TAXATION·Ch. 8 INCOME TAX WITHHOLDING

(A)A refund or credit may be allowed for an overpayment of tax withheld pursuant to this chapter to:

(1)the withholding agent to the extent that the withholding agent did not withhold the overpayment amount from the taxpayer; or (2) the taxpayer to the extent that the overpayment was withheld from the taxpayer.

(B)A refund or credit may be granted to a withholding agent who has withheld taxes in error if the withholding agent has refunded or unconditionally credited the amount erroneously withheld to the taxpayer and the amount is refunded or credited to the taxpayer before the issuance of the original wage and tax statement for the calendar year.

Free access — add to your briefcase to read the full text and ask questions with AI

(A) A refund or credit may be allowed for an overpayment of tax withheld pursuant to this chapter to: (1) the withholding agent to the extent that the withholding agent did not withhold the overpayment amount from the taxpayer; or (2) the taxpayer to the extent that the overpayment was withheld from the taxpayer. (B) A refund or credit may be granted to a withholding agent who has withheld taxes in error if the withholding agent has refunded or unconditionally credited the amount erroneously withheld to the taxpayer and the amount is refunded or credited to the taxpayer before the issuance of the original wage and tax statement for the calendar year.

South Carolina § 12-8-2020 (Refund of credit for overpayment.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: 1995 Act No. 76, SECTION 2; 2007 Act No. 110, SECTION 21, eff June 21, 2007; 2007 Act No. 116, SECTION 27, eff June 28, 2007, applicable for tax years beginning after 2007.