South Carolina Chamber of Commerce Forms Coalition Calling for Business License Tax Reform
January 15, 2020
16 Leading Associations Representing South Carolina Businesses Call for Passage of H.4431
COLUMBIA, S.C. – The SC Chamber of Commerce, SC Realtors, SC Farm Bureau, SC Manufacturers Alliance, SC Associated General Contractors, SC Retail Association, SC Home Builders Association, SC Forestry Association, National Federation of Independent Businesses, Palmetto Agribusiness Council, SC Restaurant and Lodging Association, Carolinas Ready Mixed Concrete Association, SC Department of Agriculture, SC Association of Heating and Air Conditioning, Equipment Leasing and Finance Association, and the Mechanical Contractors Association of SC delivered a joint letter to Governor McMaster and members of the General Assembly today calling for the passage of H.4431, the Business License Tax Reform Act.
For nearly a decade, the business community – with small businesses leading the charge – have urged the General Assembly to simplify and standardize how over 230 local governments assess the business license tax. The current system is complex, costly, and lacking transparency.
H. 4431 brings much-needed reform to the system. The bill requires a standard application form, renewal date, appeals procedure, and class schedules, along with creating a central online payment portal administered by a governmental agency, ensuring taxpayer data remains protected.
The Chamber, and the 15 other associations that represent businesses of all specialties and sizes, urge policymakers to make business license tax reform and passage of H.4431 a priority this session, a move that supports the business community in this state.
Click to view the letter sent to the Governor and the General Assembly.
About the SC Chamber: The South Carolina Chamber of Commerce is the State’s Champion for Business, with a vision to make South Carolina the best place in the nation to live, work, and do business. A statewide organization that promotes pro-job and business policies at the state and federal level, it brings together businesses across the state with coordinated strategies, trainings, committees, and events. With a unified voice, we can make the biggest impact. Our member insights shape the policies we write, and the agenda we promote at the State House. Learn more at www.scchamber.net/priorities