by taxnick on June 24, 2011
South Carolina is not getting millions of dollars in taxes because of a loophole in the state cigarette tax law. State lawmakers are moving to close that loophole.
After the state raised the cigarette tax by fifty cents a pack last year sales of little cigars have gone up.
They look like cigarettes but since they don’t [...]
by taxnick on February 10, 2010
Call it a stimulus plan, South Carolina style.
The state Senate has given key approval to property tax breaks for anyone who buys commercial property or a second home this year.
Such properties would get smaller tax breaks if they change hands after 2010.
The goal is to encourage commercial property sales. The costs would be borne by [...]
by taxnick on January 18, 2010
Hit hard by the slumping national housing market and a tax code that they say penalizes new home sales, South Carolina’s realtors are launching an aggressive new media campaign aimed at raising awareness of their issues.
The campaign centers around their objection to “Act 388,” a botched tax swap passed by the S.C. General Assembly in [...]