States provide taxpayer relief in response to natural disasters
October 30, 2016
Nature has wreaked havoc on several states recently. In response, these states have taken steps to provide relief to taxpayers. Here is just some of the activity we’ve seen:
South Carolina
The state of South Carolina offers the following relief to taxpayers impacted by Hurricane Matthew:
- Filing Extension: Taxpayers have until March 15, 2017 to file returns originally due from October 4, 2016 until March 14, 2017.
- Collection Suspension: Collection of any assessed taxpayer liability will be suspended.
- Waiver: Penalties and interest due as a result of any extensions or suspension of collection activities will be waived.
- Free Copies: Replacement copies of tax returns destroyed due to Hurricane Matthew will be provided at no charge if requested by taxpayer.
Further details and an updated list of counties impacted by Hurricane Matthew can be found in South Carolina Information Letter 16-12.
The state of South Carolina also offers special registration and tax exemptions to out-of-state businesses entering the state to perform infrastructure-related disaster work. Qualifying businesses are exempt from all state and local business licensing and registration requirements and are not required to register, file, or remit state and local taxes or fees on any equipment used during the disaster period. To qualify, these out-of-state businesses must have received a request from the state of South Carolina or a local government within the state of South Carolina to provide services related to infrastructure damaged by Hurricane Matthew. Qualifying services include, but are not limited to the following:
- Communication networks
- Water pipelines
- Public roads and bridges
Additional information can be found in South Carolina Information Letter 16-13.
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