Current location:International Issue news portal > entertainment
South Carolina Senate wants accelerated income tax cut while House looks at property tax rebate
International Issue news portal2024-04-24 17:08:24【entertainment】6People have gathered around
IntroductionCOLUMBIA, S.C. (AP) — The South Carolina Senate started debating a budget Tuesday that accelerates a
COLUMBIA, S.C. (AP) — The South Carolina Senate started debating a budget Tuesday that accelerates a planned income tax cut instead of the House plan to use $500 million to give homeowners a one-time property tax rebate.
Once the spending plan passes the Senate, a group of three House members and three senators — likely including the leaders of each chamber’s budget committee — is going to have to sort out the differences over the next month or so with the tax break and other items in South Carolina’s $15.4 billion spending plan for next budget year.
Republican Senate Finance Committee Chairman Harvey Peeler has called the competing tax breaks a wonderful problem to have in the 2024-25 fiscal year budget, which again left lawmakers with a substantial pot of additional money to spend.
But Peeler has left little doubt he thinks spending $100 million to knock the income tax rate most people pay in the state from 6.3% to 6.2% is the right move, saying it lasts forever compared to a one-year drop in property tax. The state is in the middle of a five-year effort to cut its top income tax rate from 7% to 6%.
Address of this article:http://www.olivelawfirm.net/2019/09/28/personal-injury-key-benefits-of-hiring-a-lawyer-after-your-car-accident/
Very good!(4383)
Related articles
- Tennessee passes bill to allow armed teachers in public schools
- Moment car almost smashes into a horse as police release footage of heart
- Avid traveler documents his WILD journey to Utupua, one of the most REMOTE outcrops in the world
- Discovering the true history behind St Patrick's Day on an 82
- Prince Louis birthday portrait taken by Kate Middleton is released on day he turns 6
- Inside the chocolate
- From a jaguar pouncing on an alligator to a spectacular 'flying saucer cloud': Jaw
- Pictured: The railway in Britain that's Europe's shortest line
- Camila Cabello goes makeup
- Singapore
Popular articles
Recommended
Talling in love! Alison Hammond joins cohort of celebs couples with notable height differences
Former Trump Organization CFO Allen Weisselberg sentenced for perjury
Simon Bridges to chair Waka Kotahi NZ Transport Agency
I'm a cruise ship worker
GloRilla hits back at NBA star Damian Lillard's estranged wife who trolled her for DUI arrest
The legal battle over the abortion pill has reached the Supreme Court. Here's what to know.
Pictured: The most Instagrammable Michelin
I've dated men in 25 countries around the world
Links
- Iraq signs MoU with German, U.S. companies on associated gas utilization
- Chinese mainland warns against Taiwan military's provocations
- Inheritor creates ceramic work to celebrate upcoming Asian Games
- China to build pilot zones for special needs education reform
- Xi Jinping meets Ma Ying
- DPP obstruction to mainland products unpopular: Spokesperson
- Russia says proof show link between Moscow attack terrorists, Ukraine
- Mexico evacuates 34 citizens from violence
- Bodies of foreign aid workers transferred to Egypt from Gaza
- Researchers uncover future variations of irrigation water use in China