Sunday, November 16, 2008

S.C. plans a tax-free period on guns Some confusion still surrounds state legislation passed earlier this year, waiving the sales tax on handgun, rifles and shotguns during the 48 hours following the Thanksgiving holiday. The bill passed in the General Assembly on June 4, was vetoed by the Governor on June 11 and was then overridden by the legislature later that month. On Thursday, the Department of Revenue issued a press release announcing what they are calling the "Second Amendment" Sales Tax Holiday. A spokesperson for the Department of Revenue who issued the Thursday press release said she was familiar with the legislative quagmire, but was assured the 48-hour tax break on firearm purchases would begin at 12:01 a.m. on Nov. 28 and continue through midnight Nov. 29. The tax exemption also applies to any local sales and use tax....

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