South Carolina General Assembly
126th Session, 2025-2026
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Indicates Matter Stricken
Indicates New Matter
S. 462
STATUS INFORMATION
General Bill
Sponsors: Senators Johnson, Garrett, Adams, Massey, Kimbrell, Blackmon, Young, Hembree, Climer, Verdin, Chaplin, Walker, Zell, Leber and Stubbs
Document Path: LC-0189DG25.docx
Introduced in the Senate on March 18, 2025
Finance
HISTORY OF LEGISLATIVE ACTIONS
| Date | Body | Action Description with journal page number |
|---|---|---|
| 3/18/2025 | Senate | Introduced and read first time (Senate Journal-page 5) |
| 3/18/2025 | Senate | Referred to Committee on Finance (Senate Journal-page 5) |
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VERSIONS OF THIS BILL
Attorney: Good
Drafting Assistant: Charlton
Date: March 13, 2025
DOC. ID.: /LEGISLATIVE COUNCIL/DG/DRAFTS/LC-0189DG25/LC-0189DG25.DOCX
A bill
TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-36-2120, RELATING TO SALES TAX EXEMPTIONS, SO AS TO EXEMPT CAPITAL EQUIPMENT PURCHASED BY SCHOOL DISTRICTs, counties, OR MUNICIPALITies FOR USE ON CAPITAL PROJECTs.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-36-2120 of the S.C. Code is amended by adding:
(85) capital equipment purchased by a school district, county, or municipality for use on a capital project. For purposes of this item, "capital equipment" means an article of nonexpendable, tangible, personal property, to include communication software when purchased with a computer, having a useful life of more than one year, and an acquisition cost of fifty thousand dollars or more for each unit.
SECTION 2. This act takes effect July 1, 2025.
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This web page was last updated on March 18, 2025 at 10:20 PM