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S 0426 - Municipal Tax Relief Act

Tracking Level: Priority
Sponsor: Greg Hembree (R)
Last Action: 2/16/2017 - Senate - Referred to Committee on Finance
Senate Committee: Fin
Assigned To:
Finance/Revenue/TaxesNext Bill
Week of 02.13.2017Next Bill
Week of 03.12.2018Next Bill
Week of 03.26.2018Next 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.

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Session 122 - (2017-2018)Printer Friendly
(pdf format)
S 0426 General Bill, By Hembree
Summary: Municipal Tax Relief Act
    A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING CHAPTER 41 TO TITLE 5 SO AS TO ENACT THE "MUNICIPAL TAX RELIEF ACT", TO ALLOW A MUNICIPALITY TO IMPOSE A SALES AND USE TAX NOT TO EXCEED ONE PERCENT, SUBJECT TO A REFERENDUM, FOR MUNICIPAL TAX RELIEF OR TO DEFRAY DEBT SERVICE FOR CERTAIN AUTHORIZED PROJECTS, AND TO SPECIFY THE MANNER IN WHICH THE TAX IS IMPOSED, COLLECTED, AND EXPENDED; AND TO AMEND SECTION 4-10-970, AS AMENDED, RELATING TO THE USE OF REVENUES FROM THE LOCAL OPTION TOURISM DEVELOPMENT FEE, SO AS TO PROVIDE THAT IF THE FEE IS IMPOSED IN A MUNICIPALITY THAT IS IMPOSING THE SALES AND USE TAX AUTHORIZED BY CHAPTER 41, TITLE 5, THEN AT LEAST TWENTY PERCENT OF THE REVENUES MUST BE USED TO PROVIDE A PROPERTY TAX CREDIT.
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02/16/17Senate Introduced and read first time (Senate Journal-page 4)
02/16/17Senate Referred to Committee on Finance (Senate Journal-page 4)



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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