- Associated Press - Sunday, March 11, 2018

COLUMBIA, S.C. (AP) - South Carolina officials are allowing expanding companies hundreds of millions of dollars in local tax breaks on top of the headline-grabbing incentives the state approves.

The State of Columbia report s that counties, school districts, cities and airports are for the first time disclosing the value of business tax breaks. Reports in so far show that local officials awarded new and expanding companies tax breaks worth more than $220 million in 2016.

The actual total likely is far higher because 13 of South Carolina’s 46 counties haven’t yet released financial reports for their most recent fiscal year. Some of the 33 counties that have reported didn’t include tax breaks given by cities and school districts.

Critics say the tax breaks for big business shift the tax burden to smaller firms.

___

Information from: The State, http://www.thestate.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide