The bill H. 4619 proposes an amendment to Section 12-36-2120 of the South Carolina Code of Laws to introduce a sales tax exemption specifically for small businesses. This exemption allows small businesses to make sales tax-free for one month each year, which they can select. The definition of "small business" aligns with the criteria set by the Small Business Administration and the North American Industry Classification System (NAICS). Additionally, small businesses are required to notify the Department of Revenue by October 1st of the previous year regarding the month they have chosen for their sales tax holiday.

This legislation aims to support small businesses in South Carolina by providing them with a financial incentive through a temporary sales tax exemption. The bill is currently under consideration in the House Committee on Ways and Means and will take effect upon receiving approval from the Governor.

Statutes affected:
12/17/2025: 12-36-2120
Latest Version: 12-36-2120