Wednesday, May 23, 2012
Keeping SC money in SC
If this bill passes $30m in federal tax debt will stay with business owners in SC to be re-invested.
$24.5m dollars of Federal equipment depreciation dollars will stay in SC.
$3,648,000 will be saved in energy costs over 5yrs if this bill is passed.
Between 300-500 jobs will be created by this incentive. Not one penny will go to anyone until they spend their own money upfront.
The credit is a one time incentive, it is not a revolving door.
The credit can only go to someone who owns a business in SC and has a building here in SC or who leases a building in SC.
The credit will sunset after five years.
If you are a fiscal conservative or a pro-government progressive this is sound business policy.
This incentive will promote public private partnerships around the state and attract more high profile businesses to SC both big and small.