An overhaul of South Carolina’s tax system looks like it will have to wait at least another year.
Overhaul legislation didn’t meet an April 10 deadline to pass a chamber. Although certain procedural maneuvers are possible, efforts are likely done for the year.
South Carolina lawmakers have been working on updating and simplifying the state’s tax code for several years. A flat income tax and a lowering of the sales tax rate coupled with the elimination of exemptions were floated in the House during 2018, but such broad revisions took a back seat to reacting to changes made to the ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.