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 bill aims to support farmers by expanding the definition of exempt farm machinery to include ATVs and UTVs, which are often utilized in agricultural operations. The amendment explicitly states that this exemption applies as long as the vehicles are used for qualifying purposes, thereby encouraging their use in farming activities. 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