S. 131 - Job Creation and Competitiveness Act

Summary:

Removes tax exempt status of “books, magazines, periodicals, newspapers, and access to on-line information systems sold to publicly supported state, county, or regional libraries”. 

Fiscal Impact: County Libraries would have to allocate a significant portion of their materials budget to pay sales tax that otherwise would have been used to purchase books (physical or digital).      

Click here for bill text.

Status:

In Senate Finance Committee.

Per Beaufort County Library Director, the fiscal impact of this bill is concerning. Approximately $60,000 of the BCL budget would be spent on sales tax instead of book, magazine, newspaper, or digital purchases.