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STATE OF SOUTH CAROLINA1350DEPARTMENT OF REVENUEAPPLICATION FOR REGISTRATION OF BRANDS/WHOLESALERS OF ALCOHOLIC LIQUORSABL107A (Rev. 10/1/14) 4288Physical Address: SC Department of Revenue, ABL Section,.
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FAQ
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The root cause of this issue harks back to 2017 when lawmakers in South Carolina passed a law mandating that businesses holding liquor licenses must secure a minimum of one million dollars worth of coverage. Aylard said under the law, even if a bar is 1% at fault, they can be held responsible for $1 million.
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What is the tax on liquor by the drink? The liquor by the drink licensee must collect an excise tax equal to 5% of the gross proceeds of the sales of liquor by the drink and remit it to the SCDOR. It does not matter if the liquor is poured from a minibottle or from a big bottle.
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Liquor License in South Carolina This license is required for any type of business to sell and serve alcohol to its patrons. Since alcohol has an incredibly high markup and a long shelf life, it's often beneficial from a profit standpoint to sell alcohol.
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How much does a liquor license cost in South Carolina? License NameCostLinkLiquor License$300 - $1000South Carolina Department of Revenue
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