Amended S.C. bill on sales tax exemptions advances
COLUMBIA — A pared-down bill eliminating less than one-third of South Carolina’s sales tax exemptions is heading to the House floor.
The House Ways and Means Committee approved a bill Wednesday that would eliminate 22 exemptions, after putting about a dozen back on the exemption list.
The bill initially eliminated exemptions worth more than $250 million.
The amended bill reduces that to $15 million.
Legislators said the amended bill may not be the reform many expected, but the purpose was to evaluate the hodge-podge of exemptions.
They said the bill accomplishes that by making those affected by each exemption defend its purpose.
Items put back on the exemption list Wednesday included lottery tickets, gold and silver, supplies for motion picture companies, and the penny-on-the-dollar sales tax discount for residents 85 and older.