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S 0426 - Municipal Tax Relief Act

Tracking Level: Priority
Sponsor: Greg Hembree (R)
Last Action: 2/16/2017 - Referred to Committee on Finance
Senate Committee: Fin
Assigned To:
Finance/Revenue/TaxesNext Bill

Staff Analysis of the Legislation

03.29.2018 The Senate Finance Sales and Income Tax subcommittee gave this bill a favorable report as amended. The amendment adds a minimum 20 percent property tax credit; caps local sales tax at 9 percent; allows a city to initiate the sales tax referendum county wide and allows a city to initiate a municipal tax referendum if the county vote fails and allows a county to waive a referendum.
03.13.2018 The Senate Finance Sales and Income Tax subcommittee carried this bill over.
Summary of the bill as introduced: Allows a municipality to impose a sales tax, through a referendum, not to exceed one percent, for municipal tax relief and for certain authorized projects.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text

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Municipal Association of South Carolina
1411 Gervais St., PO Box 12109, Columbia, SC 29211
Phone: 803.799.9574, Fax: 803.933.1299, mail@masc.sc