Current Status Introducing Body:Senate Bill Number:1189 Primary Sponsor:Mitchell Committee Number:06 Type of Legislation:GB Subject:Excise tax on luxury items, sales tax on food stamps Residing Body:Senate Current Committee:Finance Computer Document Number:DKA/3561.AL Introduced Date:Jan 16, 1992 Last History Body:Senate Last History Date:Jan 16, 1992 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Mitchell Type of Legislation:General Bill
Bill Body Date Action Description CMN
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1189 Senate Jan 16, 1992 Introduced, read first time, 06
referred to Committee
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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-36-1715 SO AS TO PROVIDE AN ADDITIONAL EXCISE TAX ON LUXURY ITEMS IN AN AMOUNT NOT TO EXCEED FIFTY PERCENT OF THE TAX DUE ON THE SAME ITEMS AS IMPOSED BY THE INTERNAL REVENUE CODE; AND TO AMEND SECTION 12-36-2120, AS AMENDED, RELATING TO SALES TAX EXEMPTIONS, SO AS TO EXEMPT FOOD WHICH MAY LAWFULLY BE PURCHASED WITH UNITED STATES DEPARTMENT OF AGRICULTURE FOOD STAMPS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The 1976 Code is amended by adding:
"Section 12-36-1715. In addition to the tax imposed pursuant to Section 12-36-1710 there is imposed an excise tax on all luxury items subject to the tax imposed by Subchapter A, Chapter 31, Title 26 of the Internal Revenue Code of fifty percent of the federal tax due not to exceed one thousand dollars. The tax is imposed and collected in the same manner as the federal tax is imposed and collected under the Internal Revenue Code mutatis mutandis."
SECTION 2. Section 12-36-2120 of the 1976 Code, as last amended by Section 29, Part II, Act 171 of 1991, is further amended by adding an appropriately numbered item to read:
"( ) food which may be purchased lawfully with United States Department of Agriculture food stamps."
SECTION 3. Section 1 of this act takes effect for sales beginning July 1, 1992. Section 2 of this act takes effect July 1, 1992.