South Carolina’s 2020 legislative session is here. Important debate and decisions on tax legislation will be underway at the State House. That means SCACPA’s “The View from the Dome” e-newsletter once again is here to keep members up-to-date on developments.
This valuable Member Benefit is produced in conjunction with our lobbying partners at Copper Dome Strategies. “The View from the Dome” is one more way that shows SCACPA is the only organization that looks out for the interests of CPAs and the accounting profession in South Carolina.
The second session of the 123rd General Assembly convened Tuesday, Jan. 14. As this is the second year of our two-year legislative session, all bills introduced and moving from last year retain their place on the calendar and in committee. Let “The View from the Dome” be your weekly guide.
We know many of you will have little time with Tax Season to find legislative news that will be important to you. But “The View from the Dome” is an important part of SCACPA Advocacy that’s there when you need it.
Legislation to conform South Carolina’s tax code to the federal IRS code will once again be required due to recent changes by Congress. Also on the tax front, legislation was filed in the House last year that would lower the state’s income tax in a phased-in approach. Another bill would eliminate most sales tax exemptions and reduce the state’s sales tax.
South Carolina’s growing economy will once again provide considerable additional General Fund revenue and a projected surplus of over $1 billion. The potential sale of state-owned utility Santee Cooper will again be front and center for debate. Lowering the state’s income tax, public school funding and reform, and expansion of full-day, 4-year-old kindergarten are also atop the agenda.
Look for “The View from the Dome” when you’re ready for the latest development from the State House, brought to you by SCACAP’s award-winning communications team all the way through the Sine Die adjournment scheduled for May 14.
HOW TO FIND ‘THE VIEW FROM THE DOME’
Each week’s e-newsletter will be posted on the SCACPA Blog on Friday afternoon. You’ll find links to it in the following days on our social media.
You’ll also find a link to it when you click on this banner in the “Current Assets” e-newsletter in your inbox every Thursday morning.
(Not seeing the “Current Assets” e-newsletter every Thursday morning? If it’s not in your spam folder, contact firstname.lastname@example.org to make sure we have your correct email address on file.)
WHAT’S IN ‘THE VIEW FROM THE DOME’?
Every blog post starts with an overview of the week’s biggest developments.
We then break down by category what you need to know, starting with Tax Developments and the Budget, followed by other areas affected by tax legislation.
We include direct links to the bills under discussion so you can read the fine print yourself. You’ll also find out the names of the legislators behind these bills.
Finally, the SCACPA Advocacy Team wants to hear from you. Send us your comments, ideas or challenges, and let us know which issues are most important to you at email@example.com.