Restoration and Rainy Days: The Budget that Almost Was
When the COVID-19 madness hit, the Governor and the House of Representatives had already had their crack at the state budget for the fiscal year beginning July 1, 2020.
South Carolina considers bill to standardize complex business license tax process
On Tuesday, the SC House Labor, Commerce & Industry Committee unanimously passed H.4431, a bill to standardize South Carolina’s business license tax process and provide relief to local businesses. Over 230 of the total 271 municipalities levy a business license tax on local businesses. Because municipalities have different processes for collecting theses taxes (different forms,
New poll shows South Carolinians’ support for comprehensive tax reform
A recent poll conducted by the South Carolina Chamber of Commerce shows that 71% of registered voters support a simpler state tax code. Since 2017, Palmetto Promise has been doing the research to show how South Carolina’s unfair, unstable, and uncompetitive tax system is killing the little guy. The good news: states like North Carolina
SC tax reform should begin and end with one thing: fairness
PPI CEO Ellen Weaver's testimony to the Senate Finance Taxation System Review and Reform Subcommittee from Jan. 16, 2019.
Did you miss the big tax and energy news?
During those mad, mad days at the end of December, known as the Christmas holiday news hole, a number of bombshells dropped. Here are two that you will want to know about. Progress on the sale of Santee Cooper. Avery Wilks of The State reports that on the day before the state Public Service Commission
SC lawmakers’ tax reform: essential, but not sufficient
Without a significant fix, federal tax cuts would have actually meant state tax increases. Thankfully, House and Senate lawmakers came to an agreement and avoided the immediate tax crisis.
The myth of low average taxes
With every new year comes a new round of rankings on every topic imaginable. Apparently tax policy is no different, and its ranking season has begun. Two new state rankings reports place South Carolina among the top finishers in states with the lowest tax rates. The first report, by 24/7 Wall Street, uses Tax Foundation
House committee receives plan to make South Carolina competitive with southeastern neighbors
Thursday, House Research staff presented a plan for statewide comprehensive income and sales tax reform to South Carolina Speaker of the House Jay Lucas and the South Carolina House Tax Policy Review Committee. The plan represents a critical step forward to create fairness for hardworking South Carolina citizens, stability to fund state promises and essential
Should South Carolina conform to federal tax law changes?
To freedom-loving South Carolinians, the only worse words than “federal” and “conformity” spoken singly are “federal conformity” spoken jointly. The most current relevance of federal conformity refers to whether South Carolina should change its tax code to match the provisions of the sweeping (and very positive) tax law passed by Congress and signed by President
Could Tax Reform Happen in South Carolina, Too?
Breaking: South Carolina could fix its tax system too. Encouraging news from the Pope Committee's recent meeting.