A bill

TO AMEND THE SOUTH CAROLINA CODE OF LAWS by enacting THE "COMPREHENSIVE TAX REFORM ACT"; by AMENDing SECTIONS 12-36-60, 12-36-70, 12-36-90, 12-36-110, AND 12-36-130, ALL RELATING TO DEFINITIONS FOR PURPOSES OF THE SALES TAX, SO AS TO INCLUDE THE SALES OF SERVICES; BY ADDING SECTION 12-36-160 SO AS TO DEFINE "SERVICES"; by amending section 12-36-140, relating to the definition of "storage", so as to remove COOPERATIVE direct mail promotional advertising materials; by AMENDing SECTION 12-36-910, RELATING TO THE FIVE PERCENT STATE SALES TAX RATE, SO AS TO REDUCE THE SALES TAX RATE; by adding section 12-36-915 so as to specify the manner in which to calculate the reduction in the sales and use tax rate; by amending SECTION 12-36-920, RELATING TO THE STATE ACCOMMODATIONS TAX, SO AS TO REDUCe THE RATE; by AMENDing SECTION 12-36-940, RELATING TO AMOUNTS THAT MAY BE ADDED TO SALES PRICES TO ACCOUNT FOR TAX, SO AS to AUTHORIZE THE DEPARTMENT TO MAKE ADJUSTMENTS; by REPEALing ARTICLE 11 OF CHAPTER 36, TITLE 12 RELATING TO THE ADDITIONAL ONE PERCENT SALES AND USE TAX; by amending SECTIONS 12-36-1310 AND 12-36-1320, BOTH RELATING TO THE USE TAX, SO AS TO MAKE A CONFORMING CHANGE BY REDUCING THE RATE; by amending SECTION 12-36-1710, RELATING TO THE CASUAL EXCISE TAX, SO AS TO MAKE A CONFORMING CHANGE BY REDUCING THE RATE; by amending section 12-36-2110, relating to items subject to a maximum sales tax, so as to remove certain items; by amending SECTION 12-36-2120, RELATING TO SALES TAX EXEMPTIONS, SO AS TO REMOVE THE EXEMPTION ON CERTAIN ITEMS; by amending SECTION 12-36-2530, RELATING TO TAXES ON ITEMS DELIVERED OUT OF STATE, SO AS TO MAKE A CONFORMING CHANGE; by amending SECTIONS 12-36-2620, 12-36-2630, AND 12-36-2640, ALL RELATING TO THE CREDITING OF CERTAIN TAXES, SO AS TO CREDIT SUCH TAXES IN THE SAME PROPORTION AS THEY WERE CREDITED BEFORE THE RATE REDUCTION; by REPEALing SECTION 12-36-2646 RELATING TO THE TAX EXCLUSION FOR INDIVIDUALS AT LEAST EIGHTY-FIVE YEARS OF AGE; BY ADDING SECTION 11-11-270 SO AS TO CREATE THE "TAX REFORM RESERVE FUND" AND TO SPECIFY ITS PURPOSE; BY ADDING ARTICLE 11 TO CHAPTER 10, TITLE 4 SO AS TO PROPORTIONALLY REDUCE LOCAL SALES AND USE TAXES IN THE SAME MANNER AS THE STATE SALES AND USE TAX; by adding section 58-9-60 so as to provide a maximum tax that may be imposed on telecommunications services; by amending section