News Roundup

February 8, 2018

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Pentagon Shows Interest in SCANA Sale – as Energy Customer

The U.S. Department of Defense, which pays millions of dollars in South Carolina on energy needs each year, asked SC regulators to be part of the review of Dominion Energy’s proposed $14.6 billion purchase of SCANA Corp. on behalf of itself and other federal agency customers. Government records show federal agencies paid around $4.7 million for SCE&G’s electricity and gas in the past fiscal year. Also asking in on the talks that are expected in the late spring or summer was Walmart, which says it buys 140 million kilowatt-hours a year from SCE&G -- the equivalent of around 12,000 households.

What Deadline? AICPA Offers Due Date Cheat Sheet

To ease some of your “Busy Season” headaches, such as return due dates and updates on which states have conformed with federal tax changes, check out AICPA tools kits such as the “State Tax Return Due Dates for Partnerships Summary Chart” and the “C Corporation Due Dates Quick Reference Chart.”

Summerville’s Hospitality Tax Payouts Have Yet to Reach Some Nonprofits

Fifteen nonprofits in Summerville who applied for assistance with tourism-related expenses via the town’s 2% hospitality tax are finding themselves waiting longer than in previous years to discover their share of the funds. While a newly formed hospitality tax committee of citizens appointed by the mayor and Town Council recommend that $181,550 of the $300,094 requested be approved, the Town Council is still weighing the funding’s final approval.

Panel Recommends Plan for Technical College

Denmark Technical College, where enrollment has dropped from 1,700 students in 2014 to about 525 last year, should be taken in under nearby Orangeburg-Calhoun Technical College, according to a recommendation the South Carolina Technical College system’s governing board sent to Gov. Henry McMaster and legislative leaders. The state board, which took over the struggling school in Mary under a law signed by McMaster, says Denmark Tech can no longer function as a state-alone college.

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