In recent weeks many have joined educators, school district officials and unions in mobilizing against the tax cap.
These opponents are arguing that a tax cap would not lower anyone’s tax bill, and could instead end up costing people more in fees for programs and services as schools and municipalities seek other ways to cover costs.
At issue is Act 388, a controversial tax change approved by the legislature in 2006. It exempted owner-occupied homes from property taxes that fund school operations. The act also increased the statewide sales tax by 1 cent on the dollar to replace the lost revenue.
Read more here: http://www.islandpacket.com/2013/04/12/2460287/state-sen-davis-property-tax-reform.html#storylink=cpy
The window has closed on a Beaufort County legislator's chances of passing a bill this year that would provide property-tax relief for nonresident homeowners and businesses.But that has not stopped state Sen. Tom Davis, R-Beaufort, from rallying lawmakers' support for his proposal, which hinges on a pending S.C. Supreme Court ruling on sales-tax exemptions.
But the plan will only work if -- as Davis predicts -- the state Supreme Court decides the sales-tax exemptions are unconstitutional and allow lawmakers to handpick products and services that should be exempt.
Read more of this article. Go to: www.islandpacket.com