A few SC senators regret $1B tax rebate as$12B budget passes
2 years, 7 months ago

A few SC senators regret $1B tax rebate as$12B budget passes

Associated Press  

COLUMBIA, S.C. — Some Republicans in the South Carolina Senate had a little remorse over taking $1 billion out of the state budget to give income taxpayers rebates. The senators took control of the chamber’s $12.6 billion budget debate for several hours Wednesday, unsuccessfully pushing to have that money spent instead on road improvements, building rural schools, providing a $1,500 bonus to teachers, a COVID-19 bonus to state employees or other options. Goldfinch said that if the House insists on no rebate, then the Senate could lose negotiations with the House, allowing that chamber to decide how to spend the $1 billion, or the state could go without a new budget, leaving the spending plan at last year’s levels. Senate Finance Committee Chairman Harvey Peeler in his first year handling the Senate’s money committee announced his tax cut plan in February just days after the governor and House held a news conference to announce their proposal. The Gaffney Republican said “you can’t out tax cut Harvey Peeler.” Most of Peeler’s fellow Republicans stuck with the budget as written.

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History of this topic

Tax cuts, teacher raises and a few social issues in South Carolina budget compromise
6 months ago

Tax cuts, teacher raises and a few social issues in South Carolina budget compromise

Associated Press  

COLUMBIA, S.C. — A budget compromise reached by a small group of lawmakers Friday means South Carolina will accelerate a planned income tax cut, raise the salaries of all teachers and state employees and send more money to adult and juvenile prisons. A conference committee agreed to the more than $13 billion spending plan for next budget year, sending it …

South Carolina Senate and House reach budget deal 1 day after tense meeting
1 year, 6 months ago

South Carolina Senate and House reach budget deal 1 day after tense meeting

Associated Press  

COLUMBIA, S.C. — South Carolina House members and senators reached an agreement on the state’s $13 billion budget Thursday, barely 24 hours after a tense meeting where both sides appeared to be out of patience. The key sticking point — how much money to give Clemson University to make significant progress on the state’s first veterinary school — went to …

$13B budget quickly OK’d in harmonious South Carolina Senate
1 year, 8 months ago

$13B budget quickly OK’d in harmonious South Carolina Senate

Associated Press  

COLUMBIA, S.C. — The South Carolina Senate unanimously approved its version of the state’s $13 billion spending plan in an unusually short debate lacking the typical back-and-forth the upper chamber usually has over the budget. The plan raises the salary of nearly every state employee and will build South Carolina’s first veterinary school at Clemson University. The Senate plan spends …

N. Carolina House state budget proposal gets initial OK
1 year, 8 months ago

N. Carolina House state budget proposal gets initial OK

Associated Press  

RALEIGH, N.C. — The North Carolina House voted on Wednesday for a Republican-backed budget measure that would fund the state government for the next two years, including billions in spending for infrastructure and mental health and attempts to address inflation and job vacancies with pay raises. “This is not a spend-spend reckless plan but an opportunity to build on our …

Income tax cuts, rebates centerpiece of SC’s $13.8B budget
2 years, 6 months ago

Income tax cuts, rebates centerpiece of SC’s $13.8B budget

Associated Press  

COLUMBIA, S.C. — Many South Carolina taxpayers may soon be getting several hundred dollars in tax rebates on top of a cut in their regular tax rates after a group of powerful lawmakers from the House and Senate agreed Friday to a compromise on the state budget. Along with the tax cut, the plan raises the minimum salary for teachers …

SC Senate unanimously passes income tax cut and rebate
2 years, 9 months ago

SC Senate unanimously passes income tax cut and rebate

Associated Press  

COLUMBIA, S.C. — The South Carolina Senate unanimously passed a $2 billion income tax cut and rebate bill, setting up what will likely be intense negotiations with the House over the $1 billion tax cut it passed last month. The proposal would send a rebate of at least $100 to everyone who files an income tax return in South Carolina, …

Every SC taxpayer gets at least $100 rebate in Senate bill
2 years, 9 months ago

Every SC taxpayer gets at least $100 rebate in Senate bill

Associated Press  

COLUMBIA, S.C. — Everybody who files an income tax return in South Carolina — even the more than 1 million people who pay no state income tax — would get a rebate check of at least $100 in a bill being considered by the state Senate. They make up about half of a $2 billion package that would also cut …

Democrats and Republicans praise tax cuts in South Carolina
2 years, 10 months ago

Democrats and Republicans praise tax cuts in South Carolina

Associated Press  

COLUMBIA, S.C. — The Republican-dominated South Carolina House unanimously passed a $600 million income tax cut Wednesday in less than 15 minutes of debate with much of that time spent by Democrats praising the idea. Between the booming state economy and money saved from previous budget years in case the pandemic caused an economic collapse, South Carolina lawmakers have an …

Mississippi Senate advances 1 tax cut plan; another awaits
2 years, 10 months ago

Mississippi Senate advances 1 tax cut plan; another awaits

Associated Press  

— The Republican-controlled Mississippi Senate voted 40-11 Wednesday to pass a bill that would cut hundreds of millions of dollars in state revenue by phasing out part of the income tax and reducing the sales tax on groceries. Legislatures in several states are considering tax cuts this year, including South Carolina, where a bill to reduce the income tax received …

SC Senate ups ante to $2 billion in income tax cut debate
2 years, 10 months ago

SC Senate ups ante to $2 billion in income tax cut debate

Associated Press  

COLUMBIA, S.C. — The financial leader in the South Carolina Senate proposed nearly $2 billion in income tax cuts and rebates on Thursday, adding an even larger number to the debate on cutting taxes heating up in the General Assembly. “You can’t out tax cut Harvey Peeler, so let’s get down to the negotiation table,” he said. “If a tax …

SC senators make short work of spending $2B in federal cash
2 years, 10 months ago

SC senators make short work of spending $2B in federal cash

Associated Press  

COLUMBIA, S.C. — South Carolina senators spent less than two hours Tuesday deciding how to spend more than $2 billion in federal money coming to the state. About $1.7 billion is in COVID-19 relief money and an additional $525 million are fines paid by the federal government in a settlement after a plan to convert plutonium from nuclear bombs into …

S Carolina House leaders want to just tackle income tax cut
2 years, 10 months ago

S Carolina House leaders want to just tackle income tax cut

Associated Press  

COLUMBIA, S.C. — Republican leaders in the South Carolina House appear ready to tackle cutting income taxes in the state before this year’s General Assembly session ends in May. A House subcommittee plans to pass a bill cutting the state’s top income tax rate from 7% to 6% in time to be considered along with the budget later this month. …

Mississippi Senate unveils proposal to reduce some taxes
2 years, 10 months ago

Mississippi Senate unveils proposal to reduce some taxes

Associated Press  

— Mississippi Senate leaders unveiled a tax cut proposal Tuesday that they described as a sustainable way to reduce what people pay to the government while maintaining enough money to pay for schools and other services. The plan would reduce the income tax, but it would not eliminate that tax as House leaders are proposing. The Senate plan also would …

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