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H 3923 -
Excludes materials used in the production of electricity from a renewable energy source from sales tax
Tracking Level:
Of Interest
Sponsor:
Leonidas Stavrinakis
(D)
Last Action:
2/18/2021 - House - Referred to Committee on Ways and Means
House Committee:
Assigned To:
Electric
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Sales Taxes
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Staff Analysis of the Legislation
Summary of the bill as introduced
: Excludes the gross proceeds of sales or sales price of machinery, machine tools used in the production of electricity from a renewable energy source from the sales tax.
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Session 124 - (2021-2022)
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H 3923 General Bill, By
Stavrinakis
Summary:
Sales Tax Exemption
A BILL TO AMEND SECTION 12-36-2120, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO EXEMPTIONS FROM THE STATE SALES TAX, SO AS TO INCLUDE THE GROSS PROCEEDS OF SALES OR THE SALES PRICE OF MACHINERY, MACHINE TOOLS, AND PARTS OF THEM, USED IN THE PRODUCTION OF ELECTRICITY FROM A RENEWABLE ENERGY SOURCE.
View full text
02/18/21
House
Introduced and read first time (
House Journal-page 60
)
02/18/21
House
Referred to Committee on Ways and Means (
House Journal-page 60
)
Municipal Association of South Carolina
1411 Gervais St., PO Box 12109, Columbia, SC 29211
Phone: 803.799.9574, Fax: 803.933.1299,
mail@masc.sc