Tuesday, May 02, 2006

Grooms III property tax relief tabled

We are now on another proposal by Sen. Larry Grooms (R-Berkeley)
Keep in mind that there will be winners and losers in all property tax reform proposals. When the homeowner is the winner, I’m all ears!
Groom Broom III Highlights:
-raises cap on automobile sales taxes to $600
-removes local school operation property taxes off all classes of property
-2 cent increase in the state sales and use tax
-Deed recording fee increase
-creates statewide property tax of 75 mills for all classes of property except owner occupied homes (SC average 150 mills, so commercial property taxes are cut in half)
-the 1st motion to table failed, the 2nd motion to tabled passed