Your eBriefcase

Welcome to the eBriefcase Management Center. This function allows you to compile selected pages to your personalized eBriefcase, where you may add to, delete or drag to reorder items. Once assembled, you can create a PDF of your eBriefcase. Click on the eBriefcase link at the top right of the page to open your collection of pages.

Burnie's Blog

News & info from Burnie Maybank about economic development as well as state and local taxation in S.C.

August 27, 2018

State and Local Taxation

August 27, 2018

Fed Limitation on state tax credits:

The new federal Tax Cuts and Jobs Act limits state and local tax deductions to $10,000. Several states (with high taxes) are in the process of passing legislation allowing taxpayers to make charitable contributions in excess of the $10,000 cap, e.g., a person with a $25,000 property tax bill would make a $10,000 property tax payment and a “charitable contribution” of $15,000 to a government charity (and take a $15,000 charitable contribution)

The IRS attacked this in proposed Regulations issued yesterday; alas the proposed regulations explicitly apply to state programs in existence prior to the federal act. Under the proposed regs a taxpayer who makes a payment to an entity listed in section 170c must reduce their charitable contribution deduction by the amount of any state or local tax credit received

SC has several such programs; conservation easements are given to charities and the taxpayers receives a state tax credit; the most significant is the tax credits for Exceptional SC donations; it is the very rare 100% credit; the conservation easement credit is 25% but capped at $250 per acre or $52,500. The proposed reg has a de minimus exception if the credit does not exceed 15% of the taxpayers payment or 15% of the property transferred by the taxpayer; this may save some conservation easements; the proposed reg specifically mentions conservation easements in the preamble

Link: "SALT regs have arrived" from POLITICO online

State and Local Taxation

August 27, 2018

Link: "Treasury Issues Crackdown on State and Local Tax Workarounds" from The New York Times Online

State and Local Taxation

August 27, 2018

Link: "U.S. Treasury, IRS move to block states dodging tax deduction cap" from REUTERS

State and Local Taxation

July 16, 2018

DOR Director Hartley Powell, in a letter to the General Assembly, answered 3 of the 4 typical Wayfair questions, as stated below


The letter makes clear that it is prospective


The Letter cites the long standing DOR interpretation that we tax to the full extent of the Constitution and so no new legislation is required


The Letter makes clear that SC will adopt the South Dakota de minibus standard


The letter doesn’t answer that but notes that guidance from the DOR will be coming shortly  

State and Local Taxation

July 10, 2018

DOR issues draft Property Tax Doc on manufacturing property not in a fee

The gas tax bill contained a partial property tax exemption for manufacturers not in a fee-in-lieu; it will effectively reduce the assessment ratio from 10.5% to 9% over a four year period; some $7 billion in manufacturing assets is not in a fee in lieu in SC; the DOR has just issued a draft Policy Document; I have copied two of the most asked questions below

8. Q. How is the partial exemption phased in?

    A. The partial exemption is phased in over six equal and cumulative percentage installments. The cumulative exemption amount for each year is as follows: Property Tax Year Beginning In Exemption Amount 2018 2.38095% 2019 4.7619% 2020    7.14285% 2021 9.5238% 2022 11.90475% 2023 and thereafter 14.2857%


9. Q. Will a manufacturer need to apply for the partial exemption pursuant to Code Section 12-4-720 or will the exemption automatically apply when it files its manufacturing return, the PT-300, with appropriate schedules attached?

    A. The partial exemption will automatically be applied when the manufacturer files its manufacturing return, the PT-300, in conjunction with appropriate schedules (the appropriate schedules are usually the Schedules A, B, C, D or L9 ). All property reported on the appropriate schedules will be subject to the partial exemption. Since the partial exemption will be applied by the Department, a manufacturer should not reduce the value of its property by the amount of the partial exemption when reporting property on the PT-300 and applicable schedules. The amount of the partial exemption will be reflected on the certification that is sent from the Department to the county.

Full Public Draft Linked Here from the SC DOR

State and Local Taxation

March 22, 2018

Link: "Despite Trump tax cuts, SC taxpayers could pay millions more unless lawmakers act" from The State

State and Local Taxation

March 06, 2018

 States where Americans pay the least (and most) in taxes (SC no 9, with 1 the lowest)

Link: "States where Americans pay the least (and most) in taxes "  from USA Today

State and Local Taxation

March 06, 2018

Link: "You think you want a flat income tax? Wait till you see what that actually means" from The State

Link: "Proposal to flatten South Carolina's income tax rate advances" from The Post and Courier

Link: "This is the biggest state tax reform anyone’s ever proposed that isn’t also stupid" The State

State and Local Taxation

March 06, 2018

 Impact on new Tax Bill on corporate taxes. COST/EY study indicates 12% increase in corporate income taxes in SC as a result of new federal law.

Many states are moving to decouple from some of the new federal provisions to lessen revenue impact 

Conformity not introduced in General Assembly yet

Link: "The Impact of Federal Tax Reform on State Corporate Income Taxes: Federal Tax Reform Conformity Estimated to Increase the State Corporate Tax Base by 12% Nationwide"

State and Local Taxation

January 29, 2018

Dorchester audits 4% Primary Residences

Link: "Dorchester County hoping to recover tax money through audit of residences" from The Post and Courier

State and Local Taxation

January 23, 2018

ATI Exemption for Commercial Property

Link: "Billions of dollars worth of commercial property goes untaxed under South Carolina laws" from The Post and Courier

State and Local Taxation

January 12, 2018

McMaster's tax cut faces difficult path

Link: "McMaster's tax cut proposal faces difficult path, senate majority leader says" from The Greenville News Online

State and Local Taxation

January 10, 2018

Gov's Exec Budget proposes IIT cuts  


 The recent tax reform bill passed by Congress and signed into law by President Trump was a great victory for American taxpayers and our economy. As a result, many companies in South Carolina have already announced reinvestment and provided raises for employees. The elimination of the federal deduction on state income taxes makes it more important than ever for states like ours to cut taxes and enact serious reform. South Carolina has the highest income tax rate (7%) of all states in the southeast and the 12th highest in the nation. With new changes in the federal tax structure, we must move quickly to maintain our state’s superior ability to attract new jobs, capital investment, and economic opportunity. The time has come to remove the burden of our high income tax rate. My executive budget proposes an income tax cut for every South Carolinian that will eventually total $2.2 billion after five years. It will be phased in over the next five years and will gradually reduce the tax rate a full 1% for every state income tax bracket. The first year’s cut is $139 million. That means $139 million which would have been taxed out of your paycheck will instead stay with you. We can do this without cutting government services.


 Summary. The 2018-19 Executive Budget proposes tax relief for South Carolinians in the form of:


  • A 1% rate reduction over five years for all personal income tax brackets, which will result in $2.2 billion in taxpayer savings through the course of implementation, starting with an immediate $139 million cut that is paid for and certified in this budget;
  • An immediate and full retirement income exemption for military veterans and first responders, including retired state and federal law enforcement, firefighters and peace officers, representing $22 million in relief the first year. Nothing kills prosperity quicker than overtaxing and overregulating.

 While in office, Governor McMaster has consistently reaffirmed his commitment to lowering the tax burden on South Carolina’s businesses and its citizens, vetoing the largest tax increase in state history (the “Gas Tax”), enacting a double-digit tax cut for small business owners (reducing the unemployment insurance tax by 10.2%) and vigorously supporting President’s Trump’s tax reform package, which puts more money in the pockets of South Carolina taxpayers and allows more companies to invest, expand, hire and profit. At the same time, Governor McMaster has taken aim at overburdensome regulations to better facilitate innovation, investment, vision, creativity and prosperity.

 In April, he issued an executive order requiring a reduction of regulatory scope and impact. In June, the Governor embarked on a statewide listening tour to solicit suggestions from Main Street business owners about ways government can make it easier for them to do business. South Carolina’s reputation as an attractive destination for business has benefited from this reform-based approach, as demonstrated by our strong economic performance. However, other states are always working to catch us; we must keep and enhance our competitive edge if we are to build for an even better tomorrow. This budget reflects proposals to ease the tax burden on our citizens, aspiring to a state government characterized by accountability and fiscal restraint. The best way to spend less money is simple: collect fewer taxes.

Tax Relief.

 Taxes hurt individual prosperity, and government should always endeavor to take as little as possible from the pockets of hardworking Americans. We want bigger paychecks – and more of them. South Carolina has the highest marginal tax rate (7%) in the southeast, and the 12th highest in the nation. President Trump’s tax reform package was a great victory for this state and others. To 11 further reduce the burden on our citizens, the FY 2018-19 Executive Budget proposes and pays for a 1% rate reduction over five years for all personal income tax brackets, which will result in $2.2 billion in taxpayer savings. Additionally, it includes a full retirement income exemption for military veterans and first responders, including retired state and federal law enforcement, firefighters and peace officers. This exemption would be effective immediately upon ratification and extend in perpetuity. If implemented, these cuts would constitute one of the largest – if not the largest – tax cut in South Carolina history. Moreover, they would reaffirm our unwavering commitment to the men and women of the Palmetto State who over a lifetime of service put themselves in harm’s way to keep us safe. According to the South Carolina Revenue and Fiscal Affairs Office (RFA), there are currently 37,863 active duty military veterans and 20,370 retired first responders in South Carolina. We can never repay them for their sacrifice, but we can thank them when they retire. Under Governor McMaster’s plan, retired veterans and first responders will never pay state taxes on their retirement income again – ever.

 RFA has scored these proposals, determining that the majority of retired first responders under 65 will save an average of $713 per year. Average yearly savings for retired first responders over 65 will average about $102 due to preexisting income deduction eligibility. For military retirees, yearly savings will average $524 for those under 65 and $210 for those over 65.

State and Local Taxation

January 8, 2018

The new tax law will have a revenue impact on nearly every state, as the Tax Foundation's Joe Henchman wrote recently . One intriguing observation: the 20 percent deduction for pass-through businesses could have a big effect on Colorado, North Dakota, Michigan, Minnesota, South Carolina and Vermont. That's because taxpayers in those states use federal taxable income as the starting point for their state taxes, and the pass-through deduction is based on federal taxable income. "This deduction would likely reduce state revenue significantly, but it is difficult to estimate it precisely," Henchman wrote. "States should therefore be cautious about conforming to this provision."

Link: "States Estimating Revenue Increases from Federal Tax Bill; Montana One Exception So Far" from Tax Foundation Online

State and Local Taxation

November 20, 2017

Media covers property tax appeal

Link: "" from Herald Online

State and Local Taxation | Economic Development

November 20, 2018

Per Capita Income Figures

The DOR today released per capita income figures for the state and the counties; this statistic is used in several incentives, most importantly Job Development credits; I served as Chair of the EZ committee which approves JDCs for 7 years and we required companies to pay at or above the lower of the state or county average; companies are now required to pay at or above the county average, although the DOC does recommend waivers in appropriate cases

State and Local Taxation

July 11, 2017

Link: "Homeowners don’t have to let assessors in to challenge tax" from U.S. News


State and Local Taxation

July 5, 2017

Link: "How Low Can Taxes Go? Outside Washington, Republicans Find Limits" from The New York Times Online

We've had a bit of this in SC

Link: "Bangert: Should ‘Animal House’ behavior kill a Purdue fraternity’s tax-free status?" from Journal & Courier

State and Local Taxation

June 28, 2017

Link: "Outside Collectors for I.R.S. Are Accused of Illegal Practices" from The New York Times Online

State and Local Taxation

June 14, 2017

Time to start thinking about GASB 77

GASB 77 kicks in for the first time this year; it is likely to lead to a large page one article when local government issues its first annual financial report with GASB 77 disclosures; the article will likely lead with “County Council gives away $XXX millions of school district money”; it will likely rattle county council and egg on the tea party types so natch you don’t want your incentives agreement to be on the council agenda at that meeting; local governments in SC are on a June 31st fiscal year, so their annual reports will start coming out in November, 2017 through the spring of 2018; the prudent site selection consultant needs to start worrying about this in the late fall    


The article below is written by Good Jobs First; I am suspicious of this group which I suspect is funded by labor unions; they have previously identified Charleston county as a county they will report on; I will speculate they will move on after Boeing rejected the union by such an overwhelming vote

Link: "Early Tax Abatement Disclosures Under GASB 77: Incomplete, Mislabeled—and Occasionally Spectacular" from Bloomberg BNA


State and Local Taxation

June 12, 2017

Link: "Appraiser shortage hits both private, public sectors; Profession has been losing workforce in recent years" from

State and Local Taxation

June 5, 2017

Audits in Fla reveal homestead exemption abuse

Link: "Audit reveals $8.3 million in fraudulent property tax breaks" from wwsb online

State and Local Taxation

May 30, 2017

States struggle to capture sales taxes

Link: "With Online Sales Booming, States Struggle to Capture Sales Tax" from The PEW Charitable Trusts 

State and Local Taxation

May 19, 2017

NY Times on school tax credits

Link: "In Some States, Donating to Private Schools Can Earn You a Profit" from The New York Times Online

Economic Development

May 17, 2017

Link: "NC gave out a record $245M in energy tax breaks. Here’s who benefited." from The News & Observer

Economic Development

May 10, 2017

SC ranked 4th in Chief Executive Magazine Best & Worst States for Bossiness

Link: "CEOs: South Carolina is 4th best state for doing business" from The State

Economic Development

May 9, 2017

Ex Im Update

Link: "He Wanted to Close the Export-Import Bank. Now He May Run It." from The New York Times Online

State and Local Taxation | Economic Development

May 9, 2017

Legislative Update

The Senate yesterday and the House today approved the Gas tax bill; the bill provides a variety of tax credits; regarding individual income tax relief the bill provides a motor fuel user fee rebate; an Earned Income Tax Credit; enhanced two wage earner credit; and enhanced college tuition tax credit for tax years beginning after 2017

The bill also lowers the assessment ratio from 10.5 to 9% for property owned or leased to manufacturers and utilities (not in a fee-in-lieu) in six equal and cumulative percentage installments applicable for property tax years beginning after 2017; the provision lowering the assessment ratio for business personal property was removed

 The bill makes many changes to the property taxation of commercial trucks and trailers

 The General Assembly yesterday passed the SC Education and Economic Development Coordinating Council; the bill goes to the Governor

 The Senate yesterday amended and returned to the House the JEDA bill

 Last week the House subcommittee carried over the solar property tax bill, effectively killing it for this legislative session

 Thursday is the last day of the regular legislative session

State and Local Taxation | Economic Development

April 27, 2017

New Online Resource: State-by-State Property Tax at a Glance

Link: "New Online Resource: State-by-State Property Tax at a Glance" from

State and Local Taxation | Economic Development

April 26, 2017

 "Legislative update, business property taxes"

The Senate took the gas tax bill up yesterday;

a large number of amendments were put up the great majority of which did not pass;

one amendment that did pass was by Senator Grooms; it provides:

Tax Relief for Businesses and Industry
1. Beginning Tax Year 2019, phases-in over 2 years a reduction in the property tax assessment

ratio from 10.5% to an effective 8.5% for manufacturing property

2. Beginning in Tax Year 2018, provides an effective property tax assessment ratio for business

personal property of 9.5%, down from 10.5% currently.

3. Note: This reduction will be fully reimbursed by the State up to $85M annually.

The Senate adjourned yesterday without giving the bill second reading but are working on it right now;

as of this minute, the Senate has still not given it second reading

State and Local Taxation

April 24, 2016

More on Dark Store Property Valuations

Link: "Tax-case ruling to have far-reaching consequences"

Link: "‘Dark boxes’ assessment battle comes to head: The assessment debate between Kohl’s store and Howard County will be decided by the Supreme Court"

Link: "States Challenge Retailers on Dark Store Loophole for Tax Assessments" from National Real Estate Investor

Link: "Lowe's lawsuits could start chain reaction; loss of state revenue 'unconscionable'" from

State and Local Taxation

April 21, 2017

Property tax appraisals of Dark Stores


Economic Development

April 21, 2017

Link: "Business groups silent on Trump's Ex-Im nominee" from TheHill

Trump targets Chinese Steel, looking at Aluminum and Solar panels

Link: "Trump Targets Steel Trade, but China Will Be Tough to Contain: Global steel makers blame Chinese rivals for swamping the world with unwanted product, but closing mills there can be expensive and difficult." from The New York Times

Link: "Why China is likely to stay quiet on Trump's steel probe" from

Economic Development

March 29, 2017

Legislative update- Budget and Bond Bill

Senate Finance Committee voted out the state budget; According to The State newspaper,

the Committee’s budget provides $10 million for the Commerce deal-closing fund used to lure companies to South Carolina, $12 million less than the House approved
The full Senate will consider the spending plan in the coming weeks, then it will send its version of the budget back to the S.C. House.

Differences between the two budget proposals must be worked out before the spending plan takes effect July 1.
The budget is not on-line yet so it’s hard to tell today what other changes were made
W&M full committee voted out the Bond bill; while the committee made amendments, the bill retains $25m for Commerce

State and Local Taxation

March 29, 2017

Link: "Greenwood County assessor resigns" from Index-Journal

Economic Development

March 27, 2017

Mark Williams elected Chair of Site Selectors Guild

Link: "Mark Williams Appointed as Chair of the Prestigious Site Selectors Guild" from Soda City

State and Local Taxation | Economic Development

March 21, 2017

The Tax Foundation annual issues Facts & Figures, How Does your State Compare;

they recently issued their 2017 Report; below are selected items for SC and NC;

SC does well in some areas and poor in others; the charts can be confusing – typically 1 is the state with the highest tax and 50th the lowest

Link: "The Tax Foundation annual issues Facts & Figures, How Does your State Compare" from

Economic Development

February 20, 2017

Husqvarna expansion in O'burg is Honorable Mention, Deal of the Year

Link: "Economic Development Deal of the Year Honorable Mentions" from Business Facilities Online

Trump, battered in Washington, is Buoyed at Boeing event (discussion of Ex-Im) 

Link: "Trump, Battered in Washington, Is Buoyed at Boeing Rally" from The New York Times

State and Local Taxation

February 20, 2017

Cities express concerns over Business License Tax Bill 

Link: "South Carolina cities, firms hope to make business licensing easier, but compromise elusive" from The Post and Courier

Link: "Cities worry that they may lose millions of dollars from business licenses" from Independent Mail

Economic Development

February 16, 2017

"Organized labor suffered its biggest defeat in decades in South Carolina on Wednesday"

Link: "Boeing Workers Reject a Union in South Carolina"  from The New York Times

Link: "Boeing's North Charleston workers vote against Machinists union representation" from The Post and Courier

Link: "Boeing workers maintain South's anti-unionization history" from The State

Economic Development

February 10, 2017

Trump open to Ex-Im Bank

Link: "Trump finds a government institution he likes — and it's one conservatives can't stand" from

Link: "What Will Trump Do with the Export-Import Bank?" from Fortune

Link: "Heitkamp says Trump will support the Export-Import Bank" from The Hill

Link: "Democrats: Trump open to immigration reform, Ex-Im Bank" from Politico

Economic Development

January 24, 2017

SC/NC fare well in 2017's Best Metro Areas for STEM Professionals

Charlotte- SC/NC 30th

Greenville 36th

Charleston 56th

Columbia 63d

Augusta Ga/SC 84th

Highest STEM Employment Growth- Charlotte 4th

Link: "2017’s Best & Worst Metro Areas for STEM Professionals" from WalletHub

Economic Development

January 23, 2017

Port Enhancement Zone Legislation reintroduced

Link: "New route to progress? Bill could boost Port of Charleston, Orangeburg, 1-95 low-income zone" from The Post and Courier

Economic Development

January 19, 2017

Former Head of NC DOC joins Nexsen Pruet Read more here

N Chas, Chas and Cola on list of cities with best recovery since great recession See Link Below

Link: "Grapevine: North Charleston gets high marks for economic rebound" from The Post and Courier

State and Local Taxation | Economic Development

January 19, 2017

Court Hearing on litigation involving Special Source Credits for Commercial -(We will be covering this topic at upcoming seminar in February)

Link: "Are city, county tax breaks for private student dorms legal?" from The State

Save the Date- Feb 17th Retail and Commercial Seminar

Retail and Commercial Project Development Seminar
Friday, February 17, 2017
10:00 a.m. – 2:00 p.m.
1230 Main Street, Suite 700
Columbia, SC 29201

Economic Development

January 10, 2017

Link: "SCPA Making All the Right Moves" from Maritime Logistics Professional 

Link: "Economists project another year of mixed growth for Triad, N.C." from The Winston-Salem Journal 

State and Local Taxation

January 09, 2017

Nice article on former DOR Director Rick Reames (still no idea where he is going)

Link: "Revenue chief Reames restored agency’s image" from The State

State and Local Taxation | Economic Development

January 6, 2017

The Unions map their GASB 77 strategy

The author of this article directs Good Jobs First, which is undoubtedly financed by labor unions; the author is correct that this year, commencing in the spring, local governments will begin issuing their first financial statements under the new FASB 77; FASB 77 requires disclosure of economic development incentives granted by local government- and the disclosure has to be done on a cumulative basis, e.g., in SC, all fee-in-lieu’s granted since 1988; those statements will undoubtedly receive front page coverage in the local paper, e.g., County Council has given away 120 million dollars of the school district’s money; email me if you would like one of my powerpoints on GASB 77  

Link: "Disclosing the Costs of Corporate Welfare" from The American Prospect 

Economic Development

January 5, 2017

Link: "Will Trump’s administration spell doom for the Export-Import Bank?" from

Link: "S.C. business community and allies hope for brighter Ex-Im Bank future in the new year" from The Post and Courier

Link: "Renew the Job-Creating EB-5 Program to Invest in Our Future" from Stephen K. Benjamin, Mayor of Columbia SC and printed in The State

Amy Love heads to Georgia Tech

Link: "South Carolina's first innovation director leaves Commerce Department" from The Post and Courier

State and Local Taxation | Economic Development

January 4, 2017

Save the date for Retail and Commercial Project Development Seminar

Put Feb 17th, 10am-2pm down on your calendar for the next much celebrated (still free) Nexsen Pruet seminar, Retail and Commercial Project Development; we anticipate CLE/CPE credits being awarded; topics include:

How SC ranks re taxation for retail and commercial
Fee- in- lieu and MCBP
Abandoned Bldg, Retail Revitalization, and Textile Revitalization Credits
Infrastructure Tax credit
Historic Preservation credits
ATI Exemption
Takings (when local government demands a “contribution” to their latest project)
Rules regarding Lobbying by Environmental Groups
Update on the Ned Sloan litigation regarding credits for student housing; and
Local Government Development Agreements-

Economic Development

December 21, 2016

Link: ""

"Burnie Maybank: Unconventional Tax Whiz"
The South Carolina Chamber of Commerce recently featured a profile of Nexsen Pruet member (partner) Burnie Maybank. Maybank is a two-time Director of the South Carolina Department of Revenue.
The article explores "some of the facets of life" that make Maybank "truly unique" including "a basset hound, honey bees and a bright tax mind."

An excerpt:

On any given day at his law office in Columbia, South Carolina, Maybank can be found serving some of South Carolina's largest companies while dressed in khakis and a shirt covered in flying ducks. Clients don't care about the unusual business attire because Maybank's legal mind and understanding of state and local tax laws is comprehensive and solution oriented. That being said, those clients often get a South Carolina history lesson or two when navigating multi-million dollar tax issues.

Maybank is a descendant of six former South Carolina Governors. One of them, Maybank's grandfather, is one of only 20 people to serve as Mayor (of Charleston), Governor and United States Senator.
Read more from the SC Chamber's publication, ASCEND. (pages 57-58)

Burnet R. Maybank III served as Director of the South Carolina Department of Revenue under Governors Mark Sanford David Beasley. His law practices is focused on tax credits and incentives, state and local taxation controversies, exempt organizations and charitable giving, conservation easements as well as alcohol beverage control.


Economic Development

December 21, 2016

Bike Production rolls back to U.S., including SC

Link: "Bike Production Shifts Gears and Rolls Back to the US" from Industry Week

Wash Post- Manufacturing Jobs returning to some places, including SC

Link: "Manufacturing jobs are returning to some places. But these jobs are different." from The Washington Post

State and Local Taxation | Economic Development

December 19, 2016

The article below notes in Rock Hill, “In the years since its adoption, lawyers, doctors and accountants have seen the cost of their license dip because their profit margins aren’t as large.” Profit margins have nothing to do with the calculation of business license taxes, which are based upon gross receipts

Link: "Standard business licenses statewide?" from The State

State and Local Taxation

November 18, 2016

Movie Star Exodus to Canada could mean increased property tax revenue in US. The stars will lose their primary residence status in SC as well- and according to Lincoln Institute SC has the second highest differential in the country for primary residence vs second homes!


Economic Development

November 17, 2016

SC jumps from no 36 to no 9 (Q2 2016) in Solar Installation

Link: "Solar Market Insight Report 2016 Q3"  from SEIA

State and Local Taxation

November 17, 2016

SC House Tax Policy Review Committee Update

Link: "SC House Tax Policy Review Committee Update" from Nexen Pruet's Insights 

Link: "SC Lawmakers Worry About Property Tax Change Impact on Homeowners" from

State and Local Taxation

November 16, 2016

Court of Appeals rules for County in ag-use case

The Court of Appeals reversed the ALC decision in Montgomery v. Spartanburg County Assessor; the ALC ruled that the value of the structures on a farm were included in the value of the land; this followed three other ALC decisions to the same effect. The Court of Appeals held that the value of structures (buildings, tractor sheds and the like) on a farm must be separately assessed and taxed

Some counties have already been following the holding in Montgomery, but many have not

State and Local Taxation

November 16, 2016

Court of Appeals rules for City in Business License case

The Court of Appeals today ruled in favor of the city in Olds v. City of Goose Creek. The taxpayer had argued that he should be taxed on the gain on his sales of real property, rather than the gross proceeds; he also complained the city would not provide him with water service until he paid the business license tax assessment, and the fact that he was not able to testify before city council on appeal 

The Court of Appeals ruled for the city on all accounts, noting that “the plain language of the ordinance imposes a tax on gross income” and that gross income for purposes of the business license statute, section 5-7-30 does not carry the same meaning as gross income under the SC Income Tax Act  

Economic Development

November 11, 2016

Link: "South Carolinians could land jobs in Donald Trump administration" from The Post and Courier

Link: "Cities where your salary will stretch the furthest" from Forbes

Mike Eades returns to Lexington County

Link: "Eades to lead Lexington County’s effort to attract jobs" from The State

Economic Development

November 10, 2016

What's in Store for EB-5 (Trump Organization used EB-5 so hopefully there will be more focus on the Program) 

Link: "What’s In Store for EB-5?" from National Real Estate Investor

Link: "The Year’s Best Utilities Give You Much More Than Power" from Site Selection Magazine

Milken 2016 State Tech and Science Index (SC is 43d)

Link: "Massachusetts Keeps Top Rank in Milken Institute Survey of Top Tech States Moving Up: Colorado, Washington, Minnesota" from The Milken Institute's State Technology and Science Index News Room 

Economic Development | State and Local Taxation

November 7, 2016

Link: "South Carolina lawmakers consider tax law changes" from The State

Link: "House panel discusses tax policy changes" from The Post and Courier

Economic Development

November 7, 2016

Link: "Why Investing In Apprenticeship Makes Good Dollars And Sense" from Forbes

Clark Gillespy named VP of Economic Development for Duke; Ghartey-Tagoe named President of Duke- SC

Link: "Duke Energy names new South Carolina state president" from Duke Energy News Center

More on NC's HB2

Link: "Company left millions on table when it skipped Charlotte over HB2" from The Charlotte Observer

Link: "Charlotte loses 730-job operations center over House Bill 2" from The Charlotte Observer

Link: "Learning to Prosper in a Factory Town (Greenville SC)" from MIT Technology Review

Filming cut back in NC and La when incentives cut 

Link: "Curtailing of state film incentives hampers ability to compete for major productions" from The Winston-Salem Journal

Link: "City says film industry spending falls $200 million in New Orleans" from The Times-Picayune

Economic Development

October 17, 2016

Link: "China stealing U.S. jobs? In South Carolina, China is hiring" from

Economic Development

October 12, 2016

Charlotte Real Estate Market; Impact of HB2

Link: "CREW panel: Charlotte still attractive for business, but hurdles remain" from The Charlotte Business Journal Online

Link: "EXCLUSIVE: McCrory on HB2's impact" from The Charlotte Business Journal Online

I wrote the original draft of the SC data centers incentives, which make it basically much easier to qualify than NC; alas, SC hasn’t had much luck attracting large data centers

Good Jobs First quoted below appears to be a labor union inspired website

Link: "Oregon and Washington offer top tax breaks to data centers, report finds" from The Oregonian/OregonLive

Link: "ViaWest Secures Tax Savings for Clients Through Nevada’s New Data Center Abatement Program " from --(BUSINESS WIRE)--ViaWest

 Economic Development

October 11, 2016

States will pay for aerospace jobs

Link: "As Sikorsky proves in CT, states will pay for aerospace jobs" from The CT Mirror

State and Local Taxation

October 11, 2016

How high are the cell phone taxes in your state? (SC 25th)

Link: "Wireless Tax Burdens Rise for the Second Year in a Row in 2016" from Tax Foundation Online

Economic Development

October 10, 2016

Best Places to work in Manufacturing (Chas/N Chuck- No2!!! Sp'burg No 18)

Link: "Best Places to Work in Manufacturing" from

Economic Development

October 4, 2016

Keepig Tabs on economic development incentives

Link: Read More Here from The Post and Courier

How digital is your State? (SC is B-, but up from C+)

South Carolina

2016 Grade: B- 

2014 Grade: C+

CIO: Keith Osman

The underlying operational model that has driven South Carolina’s entire ICT strategic plan is that of shared services. Demonstrated through the release of the Statewide Strategic IT Plan (PDF) shared services and centralization of state IT services is seen as both a cost-cutting measure and a way to simplify infrastructure and deliver better service to citizens. This bucks a long tradition of decentralization, which caused resource duplication and the excessive proliferation of data centers. The plan outlines five broad goals: Advance Information security and accessibility; improve reliability of state systems; evolve citizen access to government systems; institute data-driven decision making; and lead in technology innovation. Early benefits from the new structure are already being felt. The rollout of the SC Enterprise Information System (SCEIS), the state’s enterprise resource planning system, is one of the most successful examples of the standardization. SCEIS has made more than 70 state agencies business processes uniform. The system provides modules for finance, materials management and human resources/payroll.

On the flip side of state IT centralization, Gov. Nikki Haley has also opened up several traditionally single-vendor broadband and wireless operations to competition. The state’s enterprisewide area network has switched from a single-vendor to a multi-vendor system, helping cut costs and optimize performance. Layer 2 Ethernet service and other network services have also been made into multiple vendor services. A multi-vendor contract for hosted Voice over Internet Protocol, Unified Communications and Collaboration Tools services was awarded in 2015. 

Link: See the Results Here from Government Technology Digital Magazine

Economic Development | State and Local Taxation

September 29, 2016

Tax Foundation issues 2017 State Business Climate Index released

Link: "2017 State Business Tax Climate Index" from Tax Foundation

2017 State Business Tax Climate Index

Overall Rank Corporate Tax Rank Individual Income Tax Rank Sales Tax Rank Unemployment Insurance Tax Rank Property Tax Rank
South Carolina 37 15 41 31 37 26

1 is the best rank, 50th is the worse

SC’s overall rank, and all of the tax rankings above, said one, remained unchanged versus the 2016 report; SC lost 6 places in unemployment insurance, moving from 31st in 2016 to 37th in 2017

Commentary: SC has the 37th most competitive tax code in the nation according to the 13th annual State Business Tax Climate Index, released this morning by the nonpartisan Tax Foundation. The report measures how well-structured each state’s tax code is by analyzing over 100 tax variables in five different tax categories: corporate, individual income, sales, property, and unemployment insurance.

This year’s most competitive states include:
1. Wyoming
2. South Dakota
3. Alaska
4. Florida
5. Nevada
6. Montana
7. New Hampshire
8. Indiana