Bill Text: SC H3062 | 2015-2016 | 121st General Assembly | Amended

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Bill Title: Sales and use tax exemptions

Spectrum: Partisan Bill (Republican 3-0)

Status: (Engrossed - Dead) 2015-05-04 - Referred to Committee on Finance [H3062 Detail]

Download: South_Carolina-2015-H3062-Amended.html

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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

AMENDED

April 29, 2015

H. 3062

Introduced by Reps. Goldfinch, G.R. Smith and Pitts

S. Printed 4/29/15--H.

Read the first time January 13, 2015.

            

A BILL

TO AMEND SECTION 12-36-2120, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO EXEMPTIONS FROM THE STATE SALES AND USE TAX, SO AS TO EXEMPT FROM THESE TAXES GROSS PROCEEDS OF SALES OR SALES PRICE OF CHILDREN'S CLOTHING SOLD TO A PRIVATE CHARITABLE ORGANIZATION FOR THE SOLE PURPOSE OF DISTRIBUTION AT NO COST TO NEEDY CHILDREN AND TO DEFINE "CLOTHING" AND "NEEDY CHILDREN".

Amend Title To Conform

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Section 12-36-2120 of the 1976 Code is amended by adding an appropriately numbered new item at the end to read:

"( )    children's clothing sold to a private charitable organization exempt from federal and state income tax, except for private schools, for the sole purpose of distribution by that organization to needy children. For purposes of this item:

(a)    'clothing' means those items exempt from sales and use tax pursuant to item (57)(a)(i) and (iii) of this section; and

(b)    'needy children' means children eligible for free meals under the National School Lunch Program of the United States Department of Agriculture."

SECTION    2.    The provisions of this act expire on December 31, 2020.

SECTION    3.    This act takes effect July 1, 2015.