South Carolina Senate Bill 26 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 6-0)
Status: Introduced on January 13 2015 - 25% progression, died in committee
Action: 2015-02-05 - Scrivener's error corrected
Pending: Senate Finance Committee
Text: Latest bill text (Amended) [HTML]

Enact The "south Carolina Fair Tax Act", To Provide For The Purposes Of The Act And Definitions, To Provide For Judicial Guidance For Interpretation Of The Act And The Imposition Of The Tax, To Provide For Credits And Refunds, To Provide For A Family Consumption Allowance, To Provide For The Administration Of The Tax By The Department Of Revenue, To Provide For Penalties For Violations Of The Act, And To Provide For Collections, Appeals, And Taxpayer Rights; To Provide For Special Rules Related To Intermediate Sales, Taxable Gaming Services, Purchases By The Federal Government, Government Enterprises, Mixed Use Property Or Services, And Not-for-profit Organizations; To Provide For Taxation Of Financial Intermediation Services, To Provide For Additional Matters Related To The Sale Of A Copyright Or Trademark, Certain Exclusions From Taxation, Taxation Related To The Purchase Of Taxable Property Or Services Subject To An Employee Discount, Taxable Property Or Services Given As A Gift, Prize, Reward, Or As Remuneration For Employment By A Registered Person, And To Provide For Tax Treatment For Inventory Held By A Trade Or Business On The Close Of Business On December Thirty-first Of The Year That This Act Is Enacted; To Provide For Funding To The Homestead Exemption Fund, The State Public School Building Fund, The South Carolina Education Improvement Act Of 1984 Fund, Funding For Municipalities And Counties, And The Tourism Expenditure Review Committee; To Provide For A Special Vote To Amend Or Repeal This Act Within Three Years Of Its Enactment And Referendum For Changes After The Fourth Year; And To Repeal Chapters 6, 8, 11, 13, 16, 36, 58, And 62 Of Title 12.

S.C. Fair Tax Act

Sen. Lawrence Grooms [R]	Sen. George Campsen [R]	Sen. Greg Hembree [R]	Sen. Lee Bright [R]
Sen. Sean Bennett [R]	Sen. Thomas Young [R]

Date	Chamber	Action
2015-02-05		Scrivener's error corrected
2015-01-13	Senate	Referred to Committee on Finance
2015-01-13	Senate	Introduced and read first time
2014-12-03	Senate	Referred to Committee on Finance
2014-12-03	Senate	Prefiled

H3211 (Similar To) 2015-04-15 - Member(s) request name added as sponsor: Hill, Thayer, Herbkersman, Duckworth, Merrill, Lowe, Yow, Newton, Southard, Daning, Willis, Gagnon, Hamilton, Hicks, Norman, G.M.Smith, Pope

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=0026&session=121&summary=B
Text	https://www.scstatehouse.gov/sess121_2015-2016/prever/26_20141203.htm
Text	https://www.scstatehouse.gov/sess121_2015-2016/prever/26_20150205.htm