Current location:Worldly Watch news portal > entertainment
South Carolina Senate wants accelerated income tax cut while House looks at property tax rebate
Worldly Watch news portal2024-05-19 18:46:30【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://mayotte.chennaidetectives.net/html-73f998939.html
Very good!(787)
Related articles
- China's top diplomat holds talks with Brunei's second minister of foreign affairs
- Justin Verlander allows 2 runs over 6 innings in season debut for Astros
- Emily DiDonato shows off the results of her 25
- Report: Chinese swimmers were allowed to compete at Tokyo Olympics despite positive doping tests
- Hundreds of pro
- Taylor Swift's winning streak continues as she breaks record for most pre
- Turnbull takes no
- Explainer: What do new productive forces mean?
- Slisz's first career goal helps Atlanta United earn 1
- US says a UN agency has agreed to help in distribution of aid to Gaza via sea route
Popular articles
Recommended
Taking presidential debates out of commission's hands virtually guarantees fewer viewers
Soar, slide, splash? It’s skiers’ choice as spring’s wacky pond skimming tradition returns
Türkiye ready to act as guarantor in resolving Gaza conflict: Erdogan
Senate passes reauthorization of key US surveillance program
Xi envisages stronger China
Mexican families searching for missing relatives unite to draw attention to their plight
Jersey Shore: Family Vacation: Sammi 'Sweetheart' Giancola and ex
House on the brink of approving Ukraine and Israel aid after long struggle
Links
- Xi holds talks with Surinamese president
- Scenery of Tuiwa Village by Puma Yumco Lake in Tibet
- News Analysis: U.S. hits technical recession, but many sectors remain healthy
- Xi Meets Former Philippine President
- China launches Jilin
- Experts call for cooperation to boost high
- News Analysis: U.S. hits technical recession, but many sectors remain healthy
- Xi congratulates Pellegrini on election as president of Slovakia
- Xiplomacy: China, Algeria Mark Anniversary of Ties with Eyes on Stronger Partnership
- Farmers busy with agricultural activities on Cold Dew across China