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Business Licensing Essentials: Sending Out Renewals

Every month in 2022, the Municipal Association’s Local Revenue Services is hosting “Business Licensing Essentials,” a series of virtual sessions on the specifics of the business licensing process. The first session on renewal notices takes place Wednesday, January 12 from 10 – 11:30 a.m. 

The need to handle the renewal notice process at the beginning of the year comes about because Act 176 created a new statewide standard business license year beginning May 1 and ending the following April 30. For the first year under this new schedule, cities and towns should, as a best practice, aim to send out renewal notices in January or February 2022. The notice should feature explanations of the new law, including how it works as a solution to longstanding business concerns about the licensing process, how it standardizes many of the practices, and how it established the online Local Business License Renewal Center. The notice should also include the locally determined penalty date and penalty amount for business that do not renew their licenses on time.

Learn more about the renewal notice process and the SC Business License Tax Standardization Act.