H5046: Restocking fees

Legislative Summary

Amend The South Carolina Code Of Laws By Amending Section 12-36-90, Relating To "gross Proceeds Of Sales", So As To Provide That "gross Proceeds Of Sales" Does Not Include The Sales Price Of Property Returned When The Full Sales Price Minus A Restocking Or Handling Fee Is Refunded; And By Amending Section 12-36-130, Relating To "sales Price", So As To Provide That "sales Price" Does Not Include An Amount Charged For Property, Which Is Returned By The Purchaser, And The Full Amount Minus A Restocking Or Handling Fee Is Refunded.