The bill H. 3364 proposes an amendment to Section 12-36-2120 of the South Carolina Code of Laws, specifically regarding the sales tax exemption on farm machinery. The amendment clarifies that all-terrain vehicles (ATVs) and utility terrain vehicles (UTVs) are not classified as automobiles or trucks. As a result, these vehicles will qualify for the sales tax exemption if they are used for qualifying agricultural purposes.

The bill aims to support farmers by ensuring that ATVs and UTVs, which are often essential for various farming activities, are included in the sales tax exemption. The new legal language explicitly states that these vehicles are exempt from the sales tax when utilized in the context of farming, thereby promoting their use in agricultural operations. The act is set to take effect on July 1, 2025.

Statutes affected:
12/05/2024: 12-36-2120
Latest Version: 12-36-2120
12/06/2024: 12-36-2120