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April 07, 2005

South Carolina Senate Approves Small Business Tax Cut

As a follow up on my post from 3/30, the South Carolina Senate has approved a bill that would cut the State's small business income tax rate from 7% to 5% (via Myrtlebeachonline.com). This bill now moves to the House where a heated debate is likely to ensue since the House will pit the Senate's bill against Gov. Mark Sanford's proposal for a broad tax cut which would benefit small businesses and anyone in the state's top income bracket.

Posted by Nick Infusino at 02:07 PM in Small Businesses | Permalink

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