Current Status Introducing Body:Senate Bill Number:1082 Primary Sponsor:Wilson Committee Number:06 Type of Legislation:GB Subject:Sales tax exempt, food sales to nonprofit corporation Residing Body:Senate Current Committee:Finance Companion Bill Number:3934 Computer Document Number:JIC/5359HC.94 Introduced Date:19940126 Last History Body:Senate Last History Date:19940126 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Wilson Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved
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1082 Senate 19940126 Introduced, read first time, 06
referred to Committee
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TO AMEND SECTION 12-36-2120, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO SALES AND USE TAX EXEMPTIONS, SO AS TO EXTEND THE EXEMPTION ALLOWED CERTAIN NONPROFIT ORGANIZATIONS WHEN NET PROCEEDS OF SALES ARE USED EXCLUSIVELY FOR EXEMPT PURPOSES TO A BUSINESS UNDER CONTRACT TO A NONPROFIT ORGANIZATION FOR THE SALE OF FOOD ITEMS WHEN THE AMOUNT PAID THE NONPROFIT ORGANIZATION FROM THE PROCEEDS OF THE SALES IS USED EXCLUSIVELY FOR EXEMPT PURPOSES AND TO DELETE OBSOLETE LANGUAGE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-36-2120(41) of the 1976 Code, as added by Act 612 of 1990, is amended to read:
"(41) items sold by organizations exempt under Section 12-37-220 (A)(3) and (4) and (B)(5), (6), (7), (8), (12), (16), (19), (22), and (24), if the net proceeds are used exclusively for exempt purposes and no benefit inures to any individual. An organization whose sales are exempted by this item is also exempt from the retail license tax provided in Article 5 of this chapter. The exemption allowed by this item is effective for sales after June 30, 1989; The exemption from the tax also extends to sales of food products by a business under contract to one of these organizations to make such sales and provide a share of the net proceeds to the nonprofit organization when the proceeds are used by the organization exclusively for exempt purposes;".
SECTION 2. This act takes effect on the first day of the second month following approval by the Governor.