Nov
02

SC Looks to Revise Property Tax Law

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taxesA panel of S.C. House members is aiming to change the state’s controversial property tax law and tax some sales now exempt from the state’s sales tax, exemptions that cost the state $3 billion a year.

Reducing the state’s 7 percent top income tax rate also is on the table.

Most on the 14-member panel agreed changes need to be made to the tax laws as they began discussions to prompt changes during the legislative session that starts in January.

S.C. residents “want something comprehensive and something they can trust” in terms of changes to the state’s tax laws, said state Rep. Todd Atwater, R-Lexington.

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Categories : South Carolina News

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