Tax policy is critical to existing businesses and potential companies deciding to locate or expand in South Carolina. Decisions are based largely on competitiveness, predictability and sustainability.
South Carolina manufacturers currently pay the highest industrial property taxes in the country, while all other business properties pay the 7th highest property taxes.
The South Carolina Chamber Supports
- Modernizing the state's tax code to reflect a strategy that is competitive and supports a long-term vision of growth and prosperity
- Finding a solution to prevent the continued transfer of the property tax burden to businesses, particularly small businesses
- Reforming the business license fee structure so rates are competitive, allowing companies to grow