Also In This Edition: House to consider Senate-approved business personal property bill … IRS: High-deductible health plans can cover Coronavirus costs … Daniel Island-based software company Benefitfocus will host its annual ‘One Place’ conference online amid Coronavirus concerns … S.C. blockchain conference plans to scale down to convene this weekend in Mount Pleasant

House’s $10B Spending Plan Includes $128M in Credits for Taxpayers

The S.C. House adopted its version of the state’s $10.2 billion general fund spending plan in a vote Tuesday. It includes a one-time, $100 non-refundable tax credit on returns filed for tax year 2020 that owe at least $100, an action that will cost around $128 million. Last year’s one-time $50 rebate checks were mailed to state taxpayers, which cost hundreds of thousands of dollars in handling and postage. The plan includes addition tax cuts that exceed $700 million. House lawmakers voted down two times an across-the-board pay raise for state employees, opting to maintain raises as merit-based. The budget was officially sent to the Senate on Wednesday.  (The State)

House to Consider Senate-Approved Business Personal Property Bill

The Senate gave third and final reading approval to S.545 (Senator Alexander), relating to business personal property, on Tuesday, sending it to the House for consideration. On Wednesday, the House introduced the bill with a first reading and referred it to the Committee on Ways and Means. The bill relates to business personal property and requires filing through the DOR. The bill requires all counties to use the DOR-approved PT-100 form for filing business personal property assessments. It would apply to property tax returns due after Dec. 31, 2020. (SCACPA Advocacy)

IRS: High-Deductible Health Plans Can Cover Coronavirus Costs

The IRS advised that high-deductible health plans can pay for COVID-19-related testing and treatment, without jeopardizing their status. Notice 2020-15 also means that an individual with an HDHP that covers these costs may continue to contribute to a health savings account. The IRS also noted that, as in the past, any vaccination costs continue to count as preventive care and can be paid for by an HDHP. This notice applies only to HSA-eligible HDHPs. (IRS)

Daniel Island-Based Software Company Benefitfocus will Host its Annual ‘One Place’ Conference Online Amid Coronavirus Concerns

Benefitfocus, the Daniel Island-based maker of software that allows employees to purchase health benefits, announced Monday that it will host its annual conference via webcasting due to “the growing spread of the coronavirus and the uncertainty surrounding it.” The One Place conference was to take place at downtown Charleston’s Gaillard Center from March 17-19, and last year it had 1,200 attendees. Benefitfocus is reimbursing all registration fees as well as canceling hotel bookings made through its registration site. (Post and Courier)

S.C. Blockchain Conference Plans to Scale Down to Convene This Weekend in Mount Pleasant

The S.C. Blockchain Conference will continue this weekend at Hotel Indigo Mount Pleasant, although in a scaled-down version to reflect travel concerns. The planned two-day, two-track event will now only consist of Saturday’s track. Some speakers from industries such as government, logistics and technology will appear via video as opposed to in-person. Dennis Fassuliotis, executive director and co-founder of the blockchain trade association PalmettoChain Inc., said he will consider the gathering a success if it attracts from 60 to 100 visitors rather than the 200 he expected to talk about how the technology can see its utilization spread across South Carolina’s industry and economy, and not fall further behind states such as Colorado and Wyoming that have passed blockchain and cryptocurrency regulations. “It would literally put us six months behind on our education process, and I feel like if we can minimize all the risk levels as much as we can, we still have a lot of interest,” Fassuliotis said. (Charleston Regional Business Journal)