South Carolina S 462: Sales tax exemption

Status: Referred to Committee on Finance (as of 2025-03-18)

State: South Carolina · Session: 2025-2026 · Bill: S 462

Sponsors: Adams, Blackmon, Chaplin, Climer, Garrett, Hembree, Johnson, Kimbrell, Leber, Massey, Stubbs, Verdin, Walker, Young, Zell

Bill Text

2025-2026 Bill 462 Text of Previous Version (Mar. 18, 2025) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 462

Indicates Matter Stricken
Indicates New Matter

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

Senate: Johnson

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.

----XX----

This web page was last updated on March 18, 2025 at 10:20 PM

View South Carolina S 462 on LegisTrack → — full text, sponsors, votes, campaign finance, and cross-state matches.