Gross proceeds, the official text

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A240, R255, H5093)

AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-36-90, RELATING TO THE DEFINITION OF GROSS PROCEEDS OF SALES, SO AS TO EXCLUDE AMOUNTS PAID BY STATE AND LOCAL GOVERNMENTS FOR THE EMERGENCY SERVICES IP NETWORK; BY AMENDING SECTION 12-21-2420, RELATING TO ADMISSIONS TAX, SO AS TO EXEMPT ADMISSIONS CHARGED BY CERTAIN LOCAL CHAMBERS OF COMMERCE; AND BY AMENDING SECTION 12-36-2120, RELATING TO THE SALES TAX EXEMPTION ON CERTAIN COMPUTER EQUIPMENT, SO AS TO EXTEND THE EXEMPTION TO CERTAIN RELATED PERSONS OF THE TAXPAYER.

Be it enacted by the General Assembly of the State of South Carolina:

Gross proceeds of sales

SECTION 1. Section 12-36-90(2) of the S.C. Code is amended by adding:

(m) amounts paid for contracts for services entered into by the State or political subdivisions thereof, for Emergency Services IP Network, also known as ESInet, in support of Next Generation 911 in South Carolina.

Admissions tax

SECTION 2. Section 12-21-2420 of the S.C. Code is amended by adding:

(18) on admissions charged by local chambers of commerce qualified under 501(c)(6) by the Internal Revenue Service, which are not organized for profit, and no part of whose earnings inure to the benefit of any private shareholder or individual.

Sales tax exemption

SECTION 3. Section 12-36-2120(79) of the S.C. Code is amended by adding:

(H) For purposes of this item, "taxpayer" includes a person who bears a relationship to the taxpayer as described in Section 267(b) of the Internal Revenue Code.

Time effective

SECTION 4. This act takes effect July 1, 2026.

Ratified the 15th day of May, 2026.

Approved the 19th day of May, 2026.

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