The South Carolina Policy Council Archive
Limited Government | Free Enterprise | Individual Liberty
H.3468 would allow an individual, partnership, limited liability company, trust, or estate to transfer an unclaimed textile mill site rehabilitation tax credit to another recipient, provided the Department of Revenue approves of the transfer.
South Carolina’s tax code is riddled with tax breaks and credits to select industries and special interests and currently exempts more sales taxes than it collects. These tax favors should be eliminated altogether, not expanded.
Since 1986 the South Carolina Policy Council Education Foundation has advocated innovative policy ideas that advance the principles of limited government and free enterprise. The Policy Council is the state’s meeting place for business leaders, policymakers, and academics – as well as engaged citizens – who want to see South Carolina become the most free state in the nation. For questions or comments on the articles on this website, please email Research Director Jamie Murguia.