Vote Smart's Synopsis:

Vote to adopt an amendment to H 3488 that prohibits the consideration of owning or utilizing a distribution facility within South Carolina when determining whether the owner of the distribution facility has sufficient physical presence to be required to collect sales tax.

Highlights:

• Specifies that owning or utilizing a distribution facility within South Carolina is not considered in determining whether or not the person or company owning the distribution facility is required to collect sales tax from its customers.

• Defines a "distribution facility" as an establishment where only shipments of tangible personal property are processed for delivery to customers and no retail sales are made.

• Specifies that this act only applies to taxpayers that:
• Place a distribution facility in service after December 31, 2010 but before July 1, 2012;
• Make a capital investment of at least $90 million after December 31, 2010 but before July 1, 2012;
• Create at least 1,249 full-time jobs which include a comprehensive health plan for those employees, after December 31, 2010 but before July 1, 2012; and
• Maintain at least 1,000 jobs until January 1, 2016.

Full Bill Text