summary
Introduced
01/14/2025
01/14/2025
In Committee
01/14/2025
01/14/2025
Crossed Over
Passed
Dead
Introduced Session
126th General Assembly
Bill Summary
Amend The South Carolina Code Of Laws By Amending Section 12-36-110, Relating To The Definition Of Retail Sales, So As To Exclude Tangible Personal Property Sold By Certain Artists And Craftsmen Making Limited Sales At Certain Festivals; And By Amending Section 12-36-510, Relating To The Requirements For A Retail License, So As To Remove The Requirement That Such Artists And Craftsmen Obtain A Retail License.
AI Summary
This bill amends South Carolina's tax laws to provide an exemption for artists, craftsmen, and hobbyists who sell tangible personal property at local events. Specifically, the legislation allows these individuals to make up to four sales per calendar year at fairs, festivals, carnivals, or events lasting less than twelve consecutive days without being required to obtain a retail sales license or pay retail sales tax. The bill modifies two sections of the state tax code: Section 12-36-110, which defines retail sales, and Section 12-36-510, which outlines retail license requirements. The exemption does not apply to individuals who are regularly engaged in retail sales as a business. The new law will take effect upon the governor's approval and will first apply to events held after the subsequent December 31st, giving local artists and craftsmen more flexibility to sell their handmade goods at community events without additional administrative burdens.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to Committee on Ways and Means (on 01/14/2025)
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.scstatehouse.gov/billsearch.php?billnumbers=3372&session=126&summary=B |
BillText | https://www.scstatehouse.gov/sess126_2025-2026/prever/3372_20241205.htm |
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