§ 62-29-102. Part Definitions
As used in this part, unless the context otherwise requires: “Person” means a natural person, corporation, association, partnership or any organized group of persons; and “Preparer of tax returns” means a person who, in consideration of compensation received or to be received by the person, offers to perform or holds that person out to perform […]
§ 62-29-103. Persons Who May Act as Tax Preparers
Unless otherwise exempt as stated in § 62-29-102, a person shall not act as a preparer of tax returns unless the person is: An attorney at law, duly licensed and admitted to practice in the courts of records of this state or the attorney’s employee acting within the scope of employment; A certified public accountant […]
§ 62-29-104. Declaration of Tax Preparer
A person who prepares or assists in the preparing of state tax returns, except those required on income, must sign in the space so provided on the return a declaration, based on all information of which the person has any knowledge and under penalties provided within this part, that the return, including accompanying schedules, has […]
§ 62-29-105. Penalties
A willful violation of this part is a Class B misdemeanor.
§ 62-29-106. Counties Exempt From Application
This part shall not apply to the following counties of this state having the following populations, according to the 1960 federal census or any subsequent federal census: not less than nor more than 5,100 5,200 8,500 8,600 9,500 9,570 10,700 10,800 12,075 12,100 12,300 12,350 12,500 12,550 14,700 15,400 16,000 16,500 17,000 17,500 18,000 18,500 […]
§ 62-29-201. Part Definitions
As used in this part, unless the context otherwise requires: “Applicant” means a customer who applies for a refund anticipation loan through a facilitator; “Borrower” means an applicant who receives a refund anticipation loan through a facilitator; “Customer” means an individual for whom tax preparation services are performed; “Facilitator” means a person who receives or […]
§ 62-29-202. Disclosures — Display of Fees by Facilitator — Prohibited Activities
Any facilitator who advertises the availability of a refund anticipation loan shall not directly or indirectly represent the loan as a customer’s actual refund. Any advertisement that mentions a refund anticipation loan shall state conspicuously that it is a loan and that a fee or interest will be charged by the lending institution. The advertisement […]
§ 62-29-203. Rescission of Loan
A borrower who obtains a refund anticipation loan may rescind the loan on or before the close of business on the next day of business, by either returning the original check issued for the loan or providing the amount of the loan in cash to the lender or the facilitator. The facilitator may not charge […]
§ 62-29-204. Preemption
This part shall preempt and be exclusive of all local acts, statutes, ordinances and regulations relating to refund anticipation loans.
§ 62-29-205. Violations
Any person who knowingly and willfully violates this part is guilty of a misdemeanor and shall be punished by a fine of no more than five hundred dollars ($500) for each violation.