Exempts capital equipment for capital projects from sales tax for school districts, counties, and municipalities.

This bill amends the South Carolina Code to exempt capital equipment purchased by school districts, counties, or municipalities for use on capital projects from sales tax. Capital equipment is defined as nonexpendable, tangible, personal property with a useful life of more than one year and an acquisition cost of fifty thousand dollars or more for each unit. This exemption takes effect July 1, 2025.

Exempts capital equipment for capital projects from sales tax for school districts, counties, and municipalities.

This bill amends the South Carolina Code to exempt capital equipment purchased by school districts, counties, or municipalities for use on capital projects from sales tax. Capital equipment is defined as nonexpendable, tangible, personal property with a useful life of more than one year and an acquisition cost of fifty thousand dollars or more for each unit. This exemption takes effect July 1, 2025.