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South Carolina Senate passes income tax and rebate bill

SC Dept. of Revenue

Next week the State Senate next is expected to put the finishing touches on a bill to reduce personal income tax rates. A similar bill was unanimously approved by the House a couple of weeks ago thus almost assuring the long sought tax cut being enacted.

The Senate bill would lower the top income tax rate from seven to five-point-seven percent. It also would eliminate the tax on military retiree income, and reduce manufacturers property tax from nine percent to six percent.

Many state and business leaders have advocated a reduction of the income tax for years maintaining the rate is too high and puts the state at a competitive disadvantage with other southeastern states.

Russ McKinney has 30 years of experience in radio news and public affairs. He is a former broadcast news reporter in Spartanburg, Columbia and Atlanta. He served as Press Secretary to former S.C. Governor Dick Riley for two terms, and for 20 years was the chief public affairs officer for the University of South Carolina.