Download This Bill in Microsoft Word format
Indicates Matter Stricken
Indicates New Matter
S. 793
STATUS INFORMATION
General Bill
Sponsors: Senators Cromer, Reese, Bryant, Ritchie, Knotts and Verdin
Document Path: l:\s-jud\bills\cromer\jud0091.rwc.doc
Companion/Similar bill(s): 3950
Introduced in the Senate on April 27, 2005
Currently residing in the Senate Committee on Finance
Summary: Sales tax exemption provided for medical equipment and supplies eligible for Medicare and Medicaid reimbursement
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 4/27/2005 Senate Introduced and read first time SJ-6 4/27/2005 Senate Referred to Committee on Finance SJ-6
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AMEND SECTION 12-36-2120, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO SALES TAX EXEMPTIONS, SO AS TO PHASE IN OVER FOUR YEARS AN EXEMPTION FROM SALES TAX OF THE GROSS PROCEEDS OF SALES OR SALES PRICE OF DURABLE MEDICAL EQUIPMENT AND RELATED MEDICAL SUPPLIES ELIGIBLE FOR MEDICARE OR MEDICAID REIMBURSEMENT AND WHICH ARE SOLD BY WRITTEN PRESCRIPTION OR CERTIFICATE OF MEDICAL NECESSITY.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-36-2120 of the 1976 Code is amended by adding an appropriately numbered item at the end to read:
"( ) durable medical equipment and related medical supplies, any part of the cost of which is reimbursable under Medicare or Medicaid and which are sold on either a certificate of medical necessity or a written prescription of a physician, dentist, or other professional person licensed to prescribe. This exemption applies whether or not the item is purchased by a Medicare or Medicaid beneficiary and is to be phased in over a period of four years so that at the fifth year, the exemption is complete."
SECTION 2. Notwithstanding the rates of tax imposed pursuant to Chapter 36, Title 12 of the 1976 Code, the rate of tax imposed pursuant to that chapter on the gross proceeds of sales of durable medical equipment not exempted by this item is four percent for sales from July 1, 2005 through June 30, 2006, three percent for sales from July 1, 2006 through June 30, 2007, two percent for sales from July 1, 2007 through June 30, 2008, and one percent for sales from July 1, 2008 through June 30, 2009. Except where otherwise exempt, the local sales and use taxes authorized by law continue to apply to those sales subject to the reduced state rate of tax provided in this item.
SECTION 3. This act takes effect July 1, 2005.
This web page was last updated on Friday, December 4, 2009 at 3:32 P.M.