Current Status Introducing Body:Senate Bill Number:333 Primary Sponsor:McConnell Committee Number:06 Type of Legislation:GB Subject:Sales tax, provisions for discount coupons Residing Body:Senate Current Committee:Finance Computer Document Number:JIC/5244HC.93 Introduced Date:19930128 Last History Body:Senate Last History Date:19930128 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:McConnell Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved
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333 Senate 19930128 Introduced, read first time, 06
referred to Committee
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TO AMEND SECTION 12-36-90, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DEFINITION OF "GROSS PROCEEDS OF SALES" FOR PURPOSES OF THE SALES AND USE TAX, SO AS TO PROVIDE THAT THE DEFINITION DOES NOT INCLUDE THE VALUE OF A DISCOUNT COUPON ISSUED BY A MANUFACTURER AND HONORED BY A RETAILER WHETHER OR NOT THE RETAILER IS REIMBURSED BY THE MANUFACTURER.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-36-90(2) of the 1976 Code, as added by Act 612 of 1990, is amended by adding:
"(e) the value of a discount coupon issued by a manufacturer and honored by a retailer, whether or not the retailer is reimbursed for the discount by the coupon issuer."
SECTION 2. This act takes effect July 1, 1993.