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South Carolina Senate approves small business tax cut plan
The Senate Finance Committee advanced a bill to cut small business taxes from 5 percent to 3 percent over four years, benefiting about 60,000 owners. The measure projects a $15 million revenue cut next year and $65 million annually when fully in place in 2015-16, amid ongoing budget work and extra revenue projections.
MENTIONED IN THIS ARTICLE
Columbia
Senate Finance Committee
Hugh Leatherman
Florence
Finance Committee
Board of Economic Advisors
Nikki Haley
Leatherman