Budget & Taxes (Sales Tax)

in committee · South Carolina · Senate Jan 28, 2025

S 273: Food Desert Tax Credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3830 SO AS TO PROVIDE FOR AN INCOME TAX CREDIT FOR A GROCER THAT OPENS A NEW LOCATION IN A FOOD DESERT; AND BY AMENDING SECTION 12-36-2120, RELATING TO EXEMPTIONS FROM SALES TAX SO AS TO PROVIDE A SALES TAX EXEMPTION FOR CERTAIN PURCHASES MADE BY A GROCER THAT OPERATES A NEW STORE LOCATED IN A FOOD DESERT.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credits/exemptions for grocers in food deserts, using tax policy to fund community access to food (addressing public service needs via fiscal incentive).95% confidence

Sub-Topics Income Tax Sales Tax Tax Incentives

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in committee · South Carolina · Senate Jan 17, 2025

S 131: Job Creation and Competitiveness Act

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS SO AS TO ENACT THE "SOUTH CAROLINA JOB CREATION AND COMPETITIVENESS ACT OF 2025"; BY REPEALING CHAPTERS 6 AND 20 OF TITLE 12 OF THE SOUTH CAROLINA CODE OF LAWS, RELATING TO THE SOUTH CAROLINA INCOME TAX ACT AND CORPORATE LICENSE FEES; BY ADDING CHAPTER 7 TO TITLE 12, RELATING TO INCOME TAX, TO PROVIDE THAT SOUTH CAROLINA TAXABLE INCOME FOR INDIVIDUALS, ESTATES, AND TRUSTS IS EQUAL TO THE THREE AND ONE-HALF PERCENT OF THE DIFFERENCE BETWEEN THE FEDERAL TAXABLE INCOME OF THE TAXPAYER AND THE STATE STANDARD DEDUCTION, TO PROVIDE FOR THE STATE STANDARD DEDUCTION, TO PROVIDE FOR AN EARNED INCOME TAX CREDIT, TO PROVIDE FOR INCOME TAXES PAID TO ANOTHER STATE, AND TO PROVIDE FOR THE TECHNICAL ASPECTS OF THE DEPARTMENT OF REVENUE IMPLEMENTING THIS CHAPTER; AND BY AMENDING SECTION 12-36-2120, RELATING TO EXEMPTIONS FROM SALES TAX, SO AS TO REPEAL CERTAIN EXEMPTIONS.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill repeals existing income tax chapters and establishes a 3.5% tax rate, reducing tax burden per summary; tax relief aligns with support indicators.90% confidence

Sub-Topics Income Tax Sales Tax Tax Credits

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in committee · South Carolina · Senate Jan 14, 2025

S 14: Tax Free Formula and Baby Food

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-36-2120, RELATING TO EXEMPTIONS FROM SALES TAX SO AS TO PROVIDE A SALES TAX EXEMPTION FOR BABY FORMULA AND BABY FOOD.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts baby formula and food from sales tax, providing tax relief for lower-income families on essential items.95% confidence

Sub-Topics Sales Tax Tax Incentives

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in committee · South Carolina · House Jan 14, 2025

H 3364: Sales tax exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-36-2120, RELATING TO THE SALES TAX EXEMPTION ON FARM MACHINERY, SO AS TO PROVIDE THAT ALL-TERRAIN VEHICLES AND UTILITY TERRAIN VEHICLES ARE NOT CONSIDERED AUTOMOBILES OR TRUCKS AND QUALIFY FOR THE EXEMPTION IF USED FOR QUALIFYING PURPOSES.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands sales tax exemption for farm machinery, providing tax relief to agricultural users by excluding ATVs/UTVs from taxable vehicles.95% confidence

Sub-Topics Sales Tax Tax Incentives

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in committee · South Carolina · House Jan 14, 2025

H 3360: Use tax exemptions

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-36-2130, RELATING TO USE TAX EXEMPTIONS, SO AS TO EXEMPT AN ALL-TERRAIN VEHICLE PURCHASED OR LEASED IN ANOTHER STATE IF THE PURCHASER PAID THE SALES TAX IN THE OTHER STATE.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax exemption for out-of-state ATV purchases, providing tax relief per bill's amendment to use tax rules.90% confidence

Sub-Topics Sales Tax

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signed · South Carolina · House Jun 5, 2025

H 4187: Lexington County School District Property Tax Relief Act extension

AN ACT TO EXTEND THE ONE PERCENT SALES TAX IMPOSED BY ACT 378 OF 2004, AS AMENDED, THE LEXINGTON COUNTY SCHOOL DISTRICT PROPERTY TAX RELIEF ACT, FOR AN ADDITIONAL SEVEN YEARS. - RATIFIED TITLE

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends sales tax funding for school district property tax relief, maintaining fiscal support for education through continued revenue mechanism.95% confidence ✓ EducationSupports EducationExtends a sales tax providing property tax relief for Lexington County School District, maintaining dedicated revenue for school funding. This sustains educational financing without increasing local property taxes.95% confidence

Sub-Topics Property Tax Sales Tax

in committee · South Carolina · House Jan 14, 2025

H 3382: Durable medical equipment exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-36-2120, RELATING TO SALES TAX EXEMPTION ON DURABLE MEDICAL EQUIPMENT, SO AS TO REMOVE CERTAIN REQUIREMENTS TO RECEIVE THE EXEMPTION.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill removes requirements for sales tax exemption on durable medical equipment, expanding tax relief for essential medical purchases.95% confidence ✓ HealthcareSupports HealthcareRemoves barriers for sales tax exemption on durable medical equipment, increasing patient access to affordable healthcare devices.95% confidence

Sub-Topics Sales Tax Tax Incentives

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in committee · South Carolina · House Mar 5, 2025

H 3618: Sales tax exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-36-2120, RELATING TO EXEMPTIONS FROM THE SALES TAX SO AS TO EXEMPT BABY FORMULA, BABY FOOD, AND DIAPERS FOR BABIES AND CHILDREN.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts essential baby items from sales tax, providing direct tax relief for lower-income families purchasing necessities.95% confidence

Sub-Topics Sales Tax Tax Incentives

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in committee · South Carolina · House Jan 30, 2025

H 3855: Sales tax exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-36-2120, RELATING TO SALES TAX EXEMPTIONS, SO AS TO EXEMPT SMALL ARMS AND SMALL ARMS AMMUNITION.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts small arms/ammo from sales tax, providing tax relief (reducing tax revenue), aligning with support indicator of tax relief.95% confidence

Sub-Topics Sales Tax Tax Incentives

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in committee · South Carolina · House Jan 15, 2025

H 3565: Sales tax exemption

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-36-2120, RELATING TO EXEMPTIONS FROM SALES TAX, SO AS TO PROVIDE FOR A SALES TAX EXEMPTION FOR BREAST PUMPS.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides sales tax exemption for breast pumps, offering tax relief on essential healthcare item, aligning with tax relief indicators.95% confidence

Sub-Topics Sales Tax Tax Incentives

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