The Greenville Chamber reported the positive, pro-business steps taken in the new legislative session this week.
South Carolina's General Assembly shortened their legislative session by three weeks and tackled the state's issues in a big way. Bills were presented, heard and voted on in record time.
The legislature took a step toward making the state retirement pension solvent. Lawmakers passed legislation that raised the employee and employer contributions. While this is one step on the journey to solvency, the lawmakers will continue to chip away at the pension's unfunded liability.
Tax credits and workforce expansion were also on the lawmakers' agenda. High-impact companies and angel investors in South Carolina will see job development credits and tax incentives if the bills pass into law. Workforce expansion is also making its way through the legislature. Legislators are working on a bill to expand expungement laws to include low-level and nonviolent crimes. South Carolina is seeing critical work shortages; this legislation could put ex-offenders back to work.
The state's road system got a big win with funding to fix the infrastructure. South Carolina has the second largest state-maintained road system in the country, yet the gas tax was the second lowest. Lawmakers passed a 12 cent gas tax that will fund road maintenance.
"The Upstate is fortunate to have a pro-business delegation in Columbia, and with their commitment to the Upstate economy, we’re excited to see what the second year of the session holds," the Chamber said in its report.
24 Cleveland Street
Greenville, SC - 29601