Current Status Introducing Body:House Bill Number:4094 Primary Sponsor:Rudnick Committee Number:30 Type of Legislation:GB Subject:Tax Commission, placards Residing Body:House Current Committee:Ways and Means Computer Document Number:JIC/5428HC.93 Introduced Date:19930414 Last History Body:House Last History Date:19930414 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Rudnick Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved
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4094 House 19930414 Introduced, read first time, 30
referred to Committee
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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-36-2690, SO AS TO REQUIRE THE TAX COMMISSION TO DISTRIBUTE PLACARDS TO RETAILERS INFORMING THE PUBLIC THAT THE ONE PERCENT SALES AND USE TAX TO FUND THE EDUCATION IMPROVEMENT ACT OF 1984 DOES NOT APPLY TO SALES OF TANGIBLE PERSONAL PROPERTY FOR THE PERSONAL USE OF AN INDIVIDUAL EIGHTY-FIVE YEARS OF AGE OR OLDER, TO REQUIRE RETAILERS TO DISPLAY THE PLACARD, AND TO AUTHORIZE THE COMMISSION TO ASSESS A TWENTY DOLLAR PENALTY AGAINST A RETAILER WHO, AFTER NOTICE FROM THE BUYER, REFUSES TO DEDUCT THE ONE PERCENT TAX FROM THE SALES TAX ON SALES TO AN INDIVIDUAL EIGHTY-FIVE YEARS OF AGE OR OLDER.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 25, Chapter 36, Title 12 of the 1976 Code is amended by adding:
"Section 12-36-2690. (A) The commission shall furnish every retail retailer licensed under this chapter a placard stating substantially as follows: `The one percent sales tax which funds the Education Improvement Act of 1984 does not apply on sales to an individual eighty-five years of age or older purchasing tangible personal property for his personal use.' A retailer shall display the placard prominently in his place of business.
(B) The commission may assess a penalty of twenty dollars against a retailer for any instance where the retailer, after notice from the buyer, refuses to deduct the one percent tax from the sales tax on a sale of tangible personal property to an individual eighty-five years of age or older."
SECTION 2. This act takes effect July 1, 1993.