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South Carolina House amends, passes tax cut bill

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South Carolina House amends, passes tax cut bill


(The Heart Sq.) — South Carolina’s Home of Representatives amended a tax lower invoice and accepted it on Tuesday, establishing a possible convention committee within the waning days of session.

The 2 chambers might determine in convention the way to lower the state’s revenue tax charge.

The complete Home adopted by way of on the Methods and Means Committee suggestion by amending S. 1087, which beforehand handed the Senate, and making it practically equivalent to a beforehand handed Home invoice, H. 4880, earlier than passing the invoice unanimously by a 110-0 vote.

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The amended invoice will now head again to the Senate, which might want to concur with the modification. If the Senate rejects the amended invoice, a convention committee can be fashioned.

The amended model of the invoice would lower the state’s high tax charge from 7% to six.5% for the 2022 tax yr. The Home invoice additionally would decrease that high charge by 0.1 share factors annually, beginning in 2023, till it reaches 6%. It additionally would mix the tax brackets that beforehand have been at 6%, 5%, 4% and three% into one 3% bracket.

The state’s present 3.1% efficient revenue tax charge could be lowered to 2.54%, in line with Home Majority Chief Gary Simrill, R-York.

The invoice the Senate handed included a $1 billion rebate on 2021 state taxes, with rebates between $100 and $700 per state tax return. The 43% of South Carolina residents who don’t pay state revenue tax will nonetheless obtain $100 in tax rebate funds this yr once they file taxes, which can quantity to $116 million of the funds.

Anybody set to pay as much as $100 in taxes will obtain the $100 rebate and that rebate will develop together with tax legal responsibility as much as a cap of $700 per tax submitting.

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The Senate model additionally included $1 billion in recurring revenue tax cuts, and would lower the state’s high two tax tiers (7% and 6%) to five.7% for tax yr 2022, a plan that might value $887 million yearly.





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South-Carolina

Ball State transfer Myles Norwood down to Kentucky and South Carolina

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Ball State transfer Myles Norwood down to Kentucky and South Carolina


The Kentucky Wildcats have the chance to land another cornerback out of the portal, this time via Ball State’s Myles Norwood.

In an interview with Jacob Polacheck of KSR, Norwood said that he is planning to commit on Christmas Day and that his visits are over. Norwood is down to the Cats and South Carolina.

“[I’m looking for] the best fit for me and where I see myself going in and making an immediate impact. I want to go somewhere that will change my life in 2025,” Norwood said.

Norwood visited Kentucky this past weekend and spoke about the culture that Mark Stoops is trying to rebuild after a disastrous 2024 season in Lexington:

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“What stood out the most to me was the coaching staff, the defensive scheme, and the culture Coach Stoops is trying to bring back after this past season,” Norwood said. “They see me fitting in either playing as a nickel or a corner. I bring versatility and intelligence to play either. I have to come in and compete for a spot. Nothing is given.”

Norwood has one year of eligibility remaining after beginning his career at Iowa State before landing at Ball State.

With Maxwell Hairston off to the NFL Draft, Kentucky could use some more firepower at cornerback.

Will Norwood answer the call?



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Former Ohio State Quarterback Air Noland Commits to South Carolina From Transfer Portal

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Former Ohio State Quarterback Air Noland Commits to South Carolina From Transfer Portal


Ohio State’s highly-touted class of 2024 signee at quarterback has found a new home.

Air Noland committed to South Carolina out of the transfer portal on Monday, departing from the Buckeyes after one season, in which he redshirted.

Noland never played a snap for Ohio State. The fifth-highest-rated member of the Buckeyes’ 2024 class, Noland came to Columbus as a four-star prospect ranked 56th overall in the 247Sports composite, considered the nation’s fourth-best quarterback and the No. 8 player out of Georgia.

Noland had an accomplished career at Langston Hughes High School, leading the Panthers to a Class 6A State Championship in 2022. Named a MaxPreps Junior All-American for his performance that year, Noland completed 73% of his passes for 4,095 yards and 55 touchdowns, one short of the most ever in a season for a Georgia high school quarterback.

Despite that pedigree, when the No. 1 quarterback and No. 6 player in Noland’s class, Julian Sayin, entered the transfer portal before the start of his freshman season at Alabama, Ryan Day and staff jumped on the opportunity to bring him in. Sayin climbed past Noland on Ohio State’s depth chart quickly, currently the team’s No. 3 quarterback behind Will Howard and Devin Brown, both of whom will be gone from the team next year. A five-star prospect also signed with the Buckeyes at quarterback in the recruiting class of 2025 in Tavien St. Clair. 

Noland was not on the roster against Tennessee, which Ryan Day said was the player’s decision, not the team’s. He will have four years of eligibility left with the Gamecocks.

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South Carolina gas prices creep up ahead of holiday travel, end of year

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South Carolina gas prices creep up ahead of holiday travel, end of year


CHARLESTON, S.C. (WCSC) – Gas prices in South Carolina are pretty steady heading into a week notorious for holiday travel, with only a slight uptick in cost.

In the state, average prices are up but 0.8 cents per gallon in the past week, leaving motorists in the Lowcountry with an average gas price of $2.72 per gallon, according to GasBuddy’s survey of over 3,000 stations in South Carolina.

South Carolina’s gas prices are 2.9 cents per gallon lower than a month ago and 12.6 cents per gallon lower than a year ago.

Click here to find the cheapest gas in your neighborhood.

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In the Lowcountry, Monday morning’s lowest recorded gas price was found at a Murphy USA in Goose Creek, located at 603 St. James Avenue with a gallon going for $2.66. Saturday night, GasBuddy also recorded a price of $2.52 per gallon at a North Charleston Circle K located at 8410 Dorchester Road.

Statewide, the cheapest gallon of gas was selling for $2.33 while the most expensive cost $3.32, just barely missing the mark of a full dollar margin.

“We’ve seen a second consecutive weekly rise in the national average, driven by price cycling that led stations in the Great Lakes region to restore their margins to normal levels ahead of millions of motorists traveling for Christmas,” Patrick De Haan, head of petroleum analysis at GasBuddy, said.

“With oil prices continuing to move sideways, gas prices may hold near recent levels in the coming week… As families travel for the holidays, this volatility at the pump serves as a great reminder to check prices before filling up to save as much as 25 to 50 cents per gallon—a trend that will likely persist into 2025,” De Haan said. “As we close out the year, motorists can look forward to some good news at the pump in 2025.”

On the national level, gas prices rose 3.1 cents per gallon last week, with gas prices seeing an overall average of $3.01 per gallon.

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That average is down 2.6 cents per gallon from a month ago and 9.2 cents per gallon lower than a year ago.

Diesel prices have also seen a small rise to the tune of 0.6 cents per gallon in the past week, leaving an average price at the pump of $3.478 per gallon.



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