The bill H. 3360 proposes an amendment to Section 12-36-2130 of the South Carolina Code of Laws, specifically addressing use tax exemptions. The amendment introduces a new provision that exempts all-terrain vehicles purchased or leased from out-of-state sources, provided that the purchaser can demonstrate that sales tax was paid in the state of purchase. This change aims to alleviate the tax burden on South Carolina residents who buy all-terrain vehicles from other states.

Additionally, the bill stipulates that it will take effect upon approval by the Governor and will apply to purchases made after 2015. Taxpayers who have already paid the use tax, along with any associated interest and penalties, since 2015 will be eligible for a refund. This amendment is intended to create a fairer tax environment for consumers who purchase vehicles outside of South Carolina.

Statutes affected:
12/05/2024: 12-36-2130
Latest Version: 12-36-2130
12/06/2024: 12-36-2130