summary
Introduced
05/06/2025
05/06/2025
In Committee
05/06/2025
05/06/2025
Crossed Over
Passed
Dead
Introduced Session
126th General Assembly
Bill Summary
Amend The South Carolina Code Of Laws By Amending Section 12-36-2120, Relating To Sales Tax Exemptions, So As To Exempt Certain Items Sold To Internet Access Service Providers And Communications Service Providers.
AI Summary
This bill amends South Carolina's sales tax law to create a new tax exemption for internet access service providers and communications service providers. Specifically, the bill will exempt these providers from paying sales tax on supplies, technical equipment, machinery, and electricity used in producing, broadcasting, or distributing internet access or communications services. For the purposes of this tax exemption, these service providers will be considered manufacturers, which can help them qualify for the tax break. The exemption will be in effect from July 1, 2026, until July 1, 2033, at which point it will automatically expire unless renewed by the legislature. This targeted tax exemption is likely intended to reduce the operational costs for telecommunications and internet service providers in South Carolina, potentially encouraging investment and infrastructure development in the state's digital communication networks.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Committee on Finance (on 05/06/2025)
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.scstatehouse.gov/billsearch.php?billnumbers=0654&session=126&summary=B |
BillText | https://www.scstatehouse.gov/sess126_2025-2026/prever/654_20250506.htm |
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