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 seeks to include 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 addition 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 bill reflects a commitment to support nonprofit organizations in South Carolina by reducing their operational costs through tax exemptions, thereby potentially enhancing their ability to serve the community.

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