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Indicates Matter Stricken
Indicates New Matter
Sponsors: Senators Reese, Turner and Campbell
Document Path: l:\council\bills\nbd\11157dg19.docx
Introduced in the Senate on January 22, 2019
Currently residing in the Senate Committee on Finance
Summary: Sales and Gross receipts
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 1/22/2019 Senate Introduced and read first time (Senate Journal-page 11) 1/22/2019 Senate Referred to Committee on Finance (Senate Journal-page 11)
View the latest legislative information at the website
VERSIONS OF THIS BILL
TO AMEND SECTION 12-6-2295, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO ITEMS INCLUDED AND EXCLUDED FROM THE TERMS "SALES" AND "GROSS RECEIPTS", SO AS TO PROVIDE THAT RECEIPTS FROM THE OPERATION OF A CABLE SYSTEM ARE ATTRIBUTABLE TO THIS STATE IN PRO RATA PROPORTION OF THE COSTS OF PERFORMING THE SERVICE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-6-2295(A)(7) of the 1976 Code, as added by Act 265 of 2018, is amended to read:
"(7) any receipts from the operation of a cable system, as defined in Section 58-12-300, including cable service and any noncable or nonvideo services, or receipts from the provision of direct broadcast satellite service that are attributable to this State in pro rata proportion of the costs of performing the service, including the costs of acquiring programming distribution rights and constructing and maintaining distribution infrastructure, that the service provider incurs within this State. For purposes of this subsection, if a pass-through business operates a cable system, then a corporation that owns an interest in that pass-through business, either directly or indirectly, must be treated as operating a cable system. As used in this subsection, the term 'direct broadcast satellite service' means the distribution or broadcasting of programming or services by satellite directly to the subscriber's premises without the use of ground receiving or distribution equipment, except at the subscriber's premises or in the uplink process to the satellite."
SECTION 2. This act takes effect upon approval by the Governor and applies to all open tax periods excluding assessments under judicial review as of the date of the Governor's approval.
This web page was last updated on January 30, 2019 at 2:40 PM