South Carolina § 12-36-2640 Casual excise tax composed of two components.

South Carolina Statutes

§ 12-36-2640 — Casual excise tax composed of two components.

South Carolina·Title 12 TAXATION·Ch. 36 SOUTH CAROLINA SALES AND USE TAX ACT

The tax imposed by Section 12-36-1710 is composed of two taxes as follows:

(1)a four percent tax which must be credited to the general fund of the State; and (2) a one percent tax which must be credited as provided in Section 59-21-1010(B). The one percent tax specified in this item does not apply to the issuance of certificates of title or other proof of ownership to an individual eighty-five years of age or older titling or registering a motor vehicle, motorcycle, boat, motor, or airplane for his own personal use, if at the time of sale, the individual requests the one percent exclusion from tax and provides the retailer with proof of age.

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The tax imposed by Section 12-36-1710 is composed of two taxes as follows: (1) a four percent tax which must be credited to the general fund of the State; and (2) a one percent tax which must be credited as provided in Section 59-21-1010(B). The one percent tax specified in this item does not apply to the issuance of certificates of title or other proof of ownership to an individual eighty-five years of age or older titling or registering a motor vehicle, motorcycle, boat, motor, or airplane for his own personal use, if at the time of sale, the individual requests the one percent exclusion from tax and provides the retailer with proof of age.

South Carolina § 12-36-2640 (Casual excise tax composed of two components.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.