Exempts certain equipment used by internet and communications service providers from sales tax in South Carolina.
The bill amends the South Carolina Code to exempt supplies, technical equipment, machinery, and electricity sold to internet access service providers and communications service providers from sales tax. These providers must apply for a refund of state and local sales and use taxes paid on exempt items by January 31st. If refund claims exceed ten million dollars, the Department of Revenue will issue pro-rata refunds to keep the total at or below ten million dollars, paid by June 1st. This act takes effect upon approval by the Governor and applies to tax years beginning after 2025.
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