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TO AMEND SECTION 12-36-2120, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO SALES AND USE TAX EXEMPTIONS, SO AS TO ELIMINATE THE EXEMPTION FOR RELIGIOUS BOOKSTORE SALES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-36-2120(41) of the 1976 Code, as last amended by Act 399 of 2000, is further amended to read:
"(41) items sold by organizations exempt under Section 12-37-220A(3) and (4) and B(5), (6), (7), (8), (12), (16), (19), (22), and (24), if the net proceeds are used exclusively for exempt purposes and no benefit inures to any individual. However, the exemption allowed by this item does not extend to religious bookstore sales. An organization whose sales are exempted by this item is also exempt from the retail license tax provided in Article 5 of this chapter;"
SECTION 2. This act takes effect July 1, 2004.
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