February 10, 2012

ESC penalized for paying taxes late

The Employment Security Commission failed to pay withholding taxes on time for February. The South Carolina Employment Security Commission Communications Specialist Rodney Welch told the Post and Courier of Charleston that he and other officials discovered they were two weeks behind on paying withholding taxes for the state.

Although Welch did not say how much was paid, the commission did make the payment after the discovery. Reports say the commission failed to pay about $16 million in state and federal income taxes withheld from benefit checks dating between February and May of 2009. The state Revenue Department cut the commission’s original $1 million fine to $25,000 for not paying the taxes on time. The Senate has approved the overhauling of the agency.