Bill > H4925

This bill amends Section 12-36-2120 of the South Carolina Code of Laws to expand a sales tax exemption currently available to certain data centers. Specifically, it clarifies that the term "taxpayer" for the purpose of this exemption includes not only the direct data center operator but also any related person as defined by Section 267(b) of the Internal Revenue Code, which generally refers to individuals or entities with a close familial or business relationship, such as a parent company or a subsidiary. This change aims to extend the sales tax benefits to a broader range of entities that are closely connected to the primary data center operation, potentially encouraging further investment and development in the state's data center industry.

Budget and Finance

https://www.scstatehouse.gov/billsearch.php?billnumbers=4925&session=126&summary=B