Showing Results for Chris Jenkins

March 21, 2018

In Newberry, Samsung Launches New Production Line, Hires Workers from V.C. Summer

Samsung officials announced they have hired about 650 full-time employees for two washing machine production lines at their 450,000-square-foot plant in Newberry. The South Korean-based appliance manufacturer said its workforce includes almost 1,000...
March 19, 2018

Investigation: SC Counties Gave $221M In Tax Breaks in 2016 to Lure Businesses

How many tax breaks do South Carolina county governments offer to lure businesses into their borders? There were $221 million in 2016 tax breaks found, according to documents analyzed by The State newspaper – and that amount figures to be a...
March 18, 2018

News Roundup

State’s Budget Doesn’t Leave Room for Raises for All SC Employees Teachers, Department of Corrections employees and Department of Natural Resources officers are expected to be the leading beneficiaries of the State Legislature’s...
March 17, 2018

IRS Announces Interest Rate Increases for 2018’s Second Quarter

The IRS announced on March 7 that interest rates will increase for the calendar quarter beginning April 1, 2018: * 5% for overpayments (but 4% in the case of a corporation) * 2.5% for the portion of a corporate overpayment exceeding...
March 16, 2018

LEGISLATIVE UPDATE: Details from House’s $8.2B Budget Proposal

SCACPA’s Advocacy team continues to track for progress in Conformity action during the legislative session. Clearly, there is growing support to do some version of Conformity, but no Conformity bill has been introduced. We know the...
March 16, 2018

Richland County Freezes Some Penny Tax Money Until SC DOR Guidance in Place

The Richland County Council adopted a measure on March 9 that freezes penny tax funding for a small-business program, a pair of public relations firms and a mentor-mentee program until the county can coordinate with the South Carolina Department of...