“Act 388 has not been good for South Carolina. The fault in that all along has been the notion that the state was trying to reduce a tax it did not collect. And quite frankly, it was trying to reduce a tax that at the time, wasn’t one of the most burdensome in the country.”
— Lewis Gossett, president and CEO of the S.C. Manufacturers Alliance on the property-sales tax swap that shifted the property tax burden from owner-occupied homes to business property and vacation or rental homes. According to a national study, S.C. businesses have more of a share of the property tax burden than in 45 other states. More.
We Can Do Better, South Carolina!