South Carolina to Hold Sales Tax Holiday
Monday, June 25th, 2012
The South Carolina Department of Revenue recently released an information letter detailing the state's upcoming sales tax holiday. S.C. Info. Ltr. No. 12-7 (Dept. of Revenue June 22, 2012). The 2012 sales tax holiday will begin on Friday, August 3, 2012 at 12:01 a.m. and end on Sunday, August 5, 2012 at midnight.
During the sales tax holiday, any state and local sales and use tax will not be imposed on the following items:
- Clothing and clothing accessories;
- School supplies;
- Computers, printers, and printer supplies;
- Computer software;
- Bathroom supplies, including wash clothes, towels, shower curtains, rugs, and mats;
- Bedding supplies, including blankets, bed spreads, bed linens, sheet sets, comforter sets, pillows and pillow cases.
The sales tax holiday does not apply to sales of jewelry, cosmetics, eyewear, wallets, furniture, rental of clothing or footwear, items for use in business, or items placed on layaway or similar deferred payment and delivery plans. For a more detailed list of items that are exempt during the sales tax holiday and items that do not qualify for the exemption. See S.C. Revenue Rul. No. 10-7 (Dept. of Revenue May 18, 2010). For an overview of frequently asked questions regarding the sales tax holiday. See S.C. Revenue Rul. No. 10-8 (Dept. of Revenue May 18, 2010).
Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.
TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.
TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.
Please visit TTR on the web at www.ttrus.com or call 866.578.8193.
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