{"data":{"id":"us-sc/s.c.-code-ann.-12-16-730","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 12-16-730","heading":"Payment of tax.","body":"(A) Every person required to file a return reporting a generation-skipping transfer under applicable federal statutes and regulations shall file a return with the department on or before the last day prescribed for filing the federal return. For purposes of this article the requirements for filing a return are satisfied by filing a duplicate copy of the federal return.\n(B) The tax imposed by this section is due upon a taxable distribution or taxable termination as determined under applicable provisions of the federal generation-skipping transfer tax. The person liable for payment of the federal generation-skipping transfer tax is liable for the tax imposed by this article. The tax must be paid to the department on or before the last day allowed for filing a return hereunder. Interest computed as provided in Section 12-54-25 accrues on the amount of unpaid tax from the day after the last day for filing a return until the date of payment.","path":["Title 12 - TAXATION","CHAPTER 16 Estate Tax","ARTICLE 7 Tax on Generation-Skipping Transfers"],"source_url":"https://www.scstatehouse.gov/code/t12c016.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T06:35:29Z","sha256":"4e4767ee7b7eeff2a0e44b7a94b0a2f208c3010c6267da56875749dcf23daf7c","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-12-16-720","next":"us-sc/s.c.-code-ann.-12-16-740"},"notice":"GroundRules: Original legal text. Not legal advice."}