PROPONENTS CLAIM THE BILL WOULD FIX SOUTH CAROLINA’S ROADS. THAT’S NOT WHAT THE BILL SAYS. [NB: The bill discussed in this report is now law, the state senate having overridden the governor’s veto.] The legislature is poised raise the gas tax, along with sales tax on vehicles and several registration fees. Proponents claim the 72 …
LAWMAKERS HAVE TO COMBINE TWO BAD BILLS. THINGS COULD GET WORSE. The House and the Senate have both passed bills that contain significant tax increases, insignificant reform elements, and negligible transparency measures. What happens next? The legislation will go to a conference committee where three lawmakers from each chamber will attempt to reconcile them. In …
● The Senate’s bill raises gas tax by 12 cents per gallon ● Includes large increases in array of fees ● Calls tax a ‘fee,’ allowing Infrastructure Bank to create more debt ● Includes convoluted tax ‘off-sets’ ● Includes no reform of DOT After much debate and maneuvering, the Senate finally passed its version of a …
MODEST REFORM MEASURE INTRODUCED, BUT PREMISE STAYS THE SAME On Tuesday the House considered the gas tax hike bill (H.3516). House leadership proposed an amendment that would divert 20 percent of the vehicle registration and license fees to the Education Improvement Act fund (protecting the current education funding structure). The amendment also gave the governor …
LAWMAKERS’ ANSWER TO THE ROADS PROBLEM IS STILL THE SAME: YOU HAVEN’T SENT ENOUGH MONEY TO COLUMBIA [The text of this analysis has been updated to reflect the bill’s most recent version. Updates on the bill’s history mentioned at the bottom.] House leaders filed H.3516, a bill allegedly designed to repair South Carolina’s deteriorating road system. …
H.3468 would allow an individual, partnership, limited liability company, trust, or estate to transfer an unclaimed textile mill site rehabilitation tax credit to another recipient, provided the Department of Revenue approves of the transfer. South Carolina’s tax code is riddled with tax breaks and credits to select industries and special interests and currently exempts more …
S. 54 increases the existing 16 cent per gallon gas by 4 cents every year from 2017 through 2019, nearly doubling the current gasoline tax. The bill would also allow the Department of Revenue to increase the tax with an inflation. This additional increase would be capped at 2 cents per year and may only …
S. 214 is an attempt to collect more money in sales tax revenue from out of state Internet focused retailers, and would require them to remit sales tax to the Department of Revenue as though they were brick and mortar locations in South Carolina. The usefulness of this legislation is suspect, as the Revenue and …
H.3516 would increase the gas tax by ten cents (a yearly two-cent increase over the next five years). It would also increase vehicle registration fees from $24 to $40 and add a new infrastructure maintenance fee for first-time vehicle registrations in South Carolina. The bill would also add a biennial road use fee for electric …
H.3311 would create a Pathways Initiative to target workforce development and increase employment. One of the programs included in this initiative would invest in school-to-workforce development with a focus on industries with a critical workforce shortage. Another program would invest in workforce development, technical education, and job placement for adults. This bill would also create …