The bill H. 3379 proposes an amendment to the South Carolina Code of Laws, specifically Section 12-36-2120, which pertains to sales tax exemptions. The amendment introduces a new exemption for sales made to nonprofit organizations that hold federal tax-exempt status under Section 501(c) of the Internal Revenue Code. This change aims to provide financial relief to qualifying nonprofit organizations by exempting them from sales tax on their purchases.

If enacted, this legislation will take effect on July 1, 2025. The addition of this exemption is intended to support the operations of nonprofits, allowing them to allocate more resources towards their charitable missions rather than tax expenses.

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