Instructions And Essential Information For Form St-388 (Rev. 9/30/99)
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3INSTRUCTIONS AND ESSENTIAL INFORMATION FOR FORM ST-388 (Rev. 9/30/99)
THESE ARE NEW INSTRUCTIONS. PLEASE READ CAREFULLY.
LOCAL SALES TAX:
The local taxes, Capital Project, School District,
INTRODUCTION
Transportation and Local Option Tax, authorized to be collected by
This year the South Carolina Department of Revenue is requiring
counties are indicated on the Form ST-389 with all county and
taxpayers to report their taxes on Form ST-388 and ST-389, if applicable.
municipality codes that are applicable to the tax. The 1% local sales or
However, Form ST-3T may also be required to be filed along with Form
use tax is applicable if the county has approved the tax by referendum.
ST-388.
The tax is due on the sale/accommodations associated with each
sale/rental.
Form ST-388 is preprinted with your firm's name, address, retail license
number and Federal Employer Identification (FEI). If any information is
However, the following transactions are exempt from local taxes.
incorrect, please draw a line through any incorrect information and enter
corrections on your return.
- Sales covered by the maximum tax limitation: aircraft, motor vehicles,
motorcycles, boats, trailers, semi-trailers, recreational vehicles, or
If it is necessary to use blank returns, be sure to indicate business name,
self-propelled light construction equipment,
address, retail license number, Federal Employer Identification or Social
Security Number and period covered, by month and year.
- Mobile homes,
Please keep this booklet in a convenient place for future reference.
- Sales of musical instruments and office equipment sold to religious
organizations, and
FILING REQUIREMENTS
- Construction contracts (Must have received prior Department approval.)
Form ST-388 (Sales, Use, Accommodations Tax Return)
- Sales of certain foods, are exempt from the 1% School District Local
This form should be used for reporting the following taxes:
Tax. Sales of food which may be lawfully purchased with USDA food
Sales and Use Tax
stamps come under this exemption. This exemption applies to everyone,
Accommodations Tax
not just persons using food stamps.
Local Taxes
LOCAL TAX WORKSHEET: A business with sales, purchases, and
You will be required to file a Form ST-389 if you are reporting local taxes.
withdrawals in a county that imposes a county's local tax must allocate
applicable amounts on Form ST-389. To assist you in determining the
proper amount required to be allocated, the department has designed the
Form ST-3T
worksheet below.
This form should be used for reporting accommodations tax by counties
or municipalities when taxpayer owns or manages rental units in several
counties or municipalities.
If you only have rental units in the
1. Total sales, purchases, and withdrawals
$
county/municipality where your business is located you are not required to
file this form.
2. Minus sales, purchases, and withdrawals NOT
$
<
>
subject to locality tax.
Form ST-389 (Schedule for Local Taxes)
3. Sales, purchases, and withdrawals subject to
The Form ST-389 should only be used for reporting local taxes by
$
locality tax.
county/municipality. This form is required to be completed if your
business:
Is located in a local county that imposes a local tax, or
If your sales, purchases, and withdrawals are consummated or delivered
Remits another county's or municipality's local tax.
into a locality with more than one local tax (1% tax), the taxable amount
on line 2, page 2, of Form ST-389 will be greater than line 3 on the
It is used for reporting the following types of local taxes, if applicable:
worksheet above.
Capital Project Tax
Quarterly filers remitting tax on the first quarter after the implementation
Transportation Tax
date may use this worksheet to calculate amounts subject to a county's
School District Tax
local tax.
Local Option Tax
You must file a tax return for every tax reporting period, even if there is
LOCAL TAX FILING NOTICE: Form ST-389 must be filed with Form
no tax due for the period. This will keep your account current and prevent
ST-388 if:
your receiving delinquent notices. Accommodations returns are due on or
Your business is located in a county that is imposing a 1% local tax
before the twentieth (20th) day of the month following the close of the
(i.e., Capital Project, School District, Transportation and Local
period covered.
Option Tax) in addition to the 5% sales and use tax. A Form ST-389
must be filed with Form ST-388 even if the local tax due is zero.
FOR EXAMPLE:
Your business is collecting and reporting another county's or
Monthly filers must submit the return for the January reporting period,
municipality's local taxes.
using the January Form ST-388, no later than February 20; the February
return no later than March 20; and so on throughout the year. The last
This form is required to be filed to designate the appropriate amount of
monthly return, which is for December, must be filed by January 20 of the
local tax to a county or municipality. For more detailed information,
next year. Quarterly filers must submit the return for the first quarter, using
request SC Revenue Ruling #91-17.
the March quarterly Form ST-388, by April 20 since March is the last
month of the reporting period. The other quarterly returns must be filed in
However, when remitting a local tax, you are required to:
order no later than July 20, October 20, and January 20 of the next year.
Complete line 17 through 19 of Form ST-388 and
If the return is not filed and/or any taxes due are not paid by the twentieth
Complete Form ST-389 through line 2.
day of the month due, no taxpayer discount will be allowed, and the return
is considered delinquent with applicable penalties and interest.
CHANGE IN OWNERSHIP
SEASONAL FILERS: If your business has been set up to file returns on
a seasonal basis, you are required to file returns ONLY for those months
Any change in ownership will require a new application for retail license.
you actually operate. However, you must receive prior Department
The new ownership will be required to complete a Business Tax
approval in order to file seasonally.
Application, Form SCTC-111 and remit the appropriate fee.
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