Your current location:HOME >health >South Carolina Senate wants accelerated income tax cut while House looks at property tax rebate 正文
TIME:2024-04-24 19:24:03 Source: Internet compilationEdit:health
COLUMBIA, 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%.
Milwaukee man charged in dismemberment death pleads not guilty2024-04-24 18:47
Tea Industry Cultivated to Boost Local Farmers' Income in SW China2024-04-24 18:24
China to Hold over 12,000 Cultural Activities During Spring Festival2024-04-24 18:18
People Greet Longtaitou Day Across China2024-04-24 18:16
Supreme Court to decide on Trump federal prosecution immunity2024-04-24 17:55
Spring Ploughing and Seedling Raising Start in SW China's Guizhou2024-04-24 17:26
Arrival of Yushui Sees Wave of Spring Farming Activities Across China2024-04-24 17:23
Spring Campus Job Fair for Graduates of 2023 Held in Harbin, NE China2024-04-24 17:07
Epiphanny Prince retires from basketball after a 142024-04-24 16:42
Activities Held to Celebrate Upcoming Latern Festival Across China2024-04-24 16:40
Zendaya, Josh O'Connor and Mike Faist on the steamy love triangle of 'Challengers'2024-04-24 19:07
Chinese people pay tributes to legendary ancestor2024-04-24 19:07
China's drone industry reports robust development: data2024-04-24 18:50
China Has over 64,500 Open Online Courses: Report2024-04-24 18:39
Texas deputy dies after being hit by truck while helping during accident2024-04-24 18:21
China Focus: Martial Arts Growing in Popularity Among Young Chinese2024-04-24 18:18
China Names Demonstration Cities for Childcare Services2024-04-24 17:30
Chinese EV makers gaining traction in Dutch market: ING economist2024-04-24 17:29
Cyberattacks are on the rise, and that includes small businesses. Here's what to know2024-04-24 17:16
Women Become Major Force in China's Tourism Consumption Market2024-04-24 17:07