The Supreme Court of South Carolina upheld a lower court’s ruling that bookstore membership fees, which grant members a discount on their purchases, are subject to the state’s sales and use tax. In their decision, the court agreed with the South Carolina Department of Revenue’s interpretation of the sales tax statute, arguing that the value of the membership derived from the discounts it gave members on their purchases of tangible books, and that the value of the membership could not be separated from the value of the tangible personal property.
Source: salestaxinstitute.com
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