Bill > S0654

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.

Budget and Finance

https://www.scstatehouse.gov/billsearch.php?billnumbers=0654&session=126&summary=B