Proposal to change taxation in South Carolina given preliminary approval

The first step in the process of changing taxation in South Carolina received preliminary approval today from the Taxation Realignment Commission.

According to The Post and Courier, "South Carolina consumers would pay sales tax on music, book and movie downloads, higher taxes on car purchases and again pay sales tax on groceries in exchange for a lower overall sales tax rate."

The overall plan is to drop the base sales tax rate from 6 percent to 4.96 percent and add a 2.5 percent sales tax on groceries.

Make your way to The Post and Courier's post for the details.

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