South Carolina End of Medical Device Sales Tax Coming
- Sales Tax News
- Jun 4, 2012 | Susan McLain
Act No. 32 modifies the state rate on “durable medical equipment and supplies” [italics added]. From July 1, 2011 to June 30, 2012, that rate reduced from 5.5% to “…3.5% (plus any applicable local sales and use tax).”
Beginning July 1, 2012 to December 31, 2012, “…the sales and use tax rate will go down to 1.75% (again, plus any applicable local sales and use tax); and beginning January 1, 2013, there will be no state or local sales and use tax on sales of qualifying durable medical equipment and the South Carolina Code § 12-36-2120(74) exemption will be fully implemented” [bold and italic emphasis added].