S.683 (and companion bill H.5078) amends the sunset provision in current state law for locally-imposed sales taxes. Under current law, a locally-imposed sales tax must not last longer than eight years. If it is renewed, it must not last longer than seven years and must end in an odd-numbered year.
This bill would remove the requirement that the renewed tax end in an odd-numbered year, allowing local government more flexibility about when the tax should end as long as it does not exceed seven years from the renewal.
Adding Flexibility to the Sunset Provision of Local Sales Taxes
Posted: April 23, 2015 by South Carolina Policy Council
S.683 (and companion bill H.5078) amends the sunset provision in current state law for locally-imposed sales taxes. Under current law, a locally-imposed sales tax must not last longer than eight years. If it is renewed, it must not last longer than seven years and must end in an odd-numbered year.
This bill would remove the requirement that the renewed tax end in an odd-numbered year, allowing local government more flexibility about when the tax should end as long as it does not exceed seven years from the renewal.
Category: Legislation, Tax Reform