"Sale" and "purchase"
Known as the South Carolina Sales and Use Tax Act
The act spans §§ 12–12 (76 sections).
Applied in 1 court decision — leading case Boggero v. South Carolina Department of Revenue (2015)
Most recently applied in Boggero v. South Carolina Department of Revenue (September 2015)
1990 Act No. 612, Part II, SECTION 74A.
"Sale" and "purchase" mean any transfer, exchange, or barter, conditional or otherwise, of tangible personal property for a consideration including:
(1) a transaction in which possession of tangible personal property is transferred but the seller retains title as security for payment, including installment and credit sales;
(2) a rental, lease, or other form of agreement;
(3) a license to use or consume; and
(4) a transfer of title or possession, or both.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.