The Charleston Chamber recently released the results of the first week of the legislative session.
The week was light, as is typical for the first week of the year. Many business associations met, however, to receive updates from state Sen. Sean Bennett (R-Dorchester) and House Majority Leader Gary Simrill (R-Rock Hill) on infrastructure funding plans.
The Chamber noted that both public servants had positive outlooks for the year and for their ability to push through meaningful infrastructure legislation. Both have similar plans as well.
The House plan involves raising the motor fuel user fee by 2 cents over the next five years, imposing fees on hybrid and electric vehicle users, and imposing fees on people moving into the state. These fees would be delivered when new residents register their vehicles and apply for license plates.
The Senate plan involves raising the motor fuel user fee as well, but by 4 cents over three years. It also seeks small tax base reductions, several lower and middle class tax credits and reducing the industrial tax rate.
Additional updates included Gov. Nikki Haley’s final State of the State address. Haley is leaving her post to become the Ambassador to the United Nations. Henry McMaster will become the new governor.
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