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 for 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 current law specifies that the sales tax exemption applies to farm machinery and their parts used in agricultural activities, but explicitly excludes automobiles and trucks. With this amendment, ATVs and UTVs will be included in the exemption, provided they are utilized for eligible farming activities. The bill 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