NEWS RELEASE

SOUTH CAROLINA DEPARTMENT OF REVENUE

Public Affairs Office

Contact: Danny Brazell

Phone: (803) 898-5464

Feb. 18, 2005

FOR IMMEDIATE RELEASE

Revenue Department reviewing

Regulations affecting small businesses

            A new South Carolina law gives small business owners the chance to speak up if they think a state regulation is hurting their business, and the South Carolina Department of Revenue would like to hear from those small business owners who have a comment on its regulations.

            Legislators last year passed the “South Carolina Small Business Regulatory Flexibility Act of 2004,” which requires state agencies to review their regulations this year. If the agency determines that a regulation places an “undue” economic hardship on a small business owner, corrective action is to be taken to reduce that impact. The agency can either rescind the regulation or amend it to reduce the burden it places on small business owners. 

            The Department of Revenue is currently reviewing its regulations and is interested in hearing from small business owners or their employees who believe a particular Department regulation imposes a hardship on their business activities. The Department will accept comments from small business owners

-more-

Page 2 regulations

through Sept. 1, 2005. Owners can review current Department regulations at http://www.scstatehouse.net/coderegs/117.htm.

            Comments can be emailed to John McCormack of the Department’s Policy Section at mccormj@sctax.org, or mailed to

SC Department of Revenue

John McCormack – Policy Section

PO Box 125

Columbia, SC 29214

            Additional information on the small business regulations review can be found at the Department’s website, www.sctax.org, under “What’s New.”

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