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Palmetto State News

Tuesday, November 26, 2024

Greater Florence Chamber of Commerce: Every SC Taxpayer Could Get At Least $100 Rebate in Senate Bill

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Greater Florence Chamber of Commerce issued the following announcement on March 8.

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.

A subcommittee sent the rebates to the full Senate Finance Committee on Thursday. They make up about half of a $2 billion package that would also cut the top income tax rate from 7% to 5.7%.

The Senate proposal doubles the money put into tax cuts by the House, which unanimously passed its own tax package without a rebate last week.

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Original source can be found here.