SC House approves plan to reduce unemployment taxes on businesses

MYRTLE BEACH, SC (WMBF) – South Carolina lawmakers say they are one step closer to reducing a tax increase on businesses in the state.

South Carolina has to pay back money to the federal government, because it lent money to the state for extended unemployment benefits.

The idea was to have businesses pay an increased tax to cover those benefits, but many businesses; say it has hit them hard, increasing their tax bill significantly.

The South Carolina House has approved a measure that would reduce those tax increases.

Brad Dean, President of the Myrtle Beach Area Chamber of Commerce, says this is at least a step in the right direction.

"This bill helps to protect some of the seasonal jobs, in particular the seasonal employers that were really treated very unfairly by the previous legislation," said Dean. "This helps to offset that, and gives every business a chance to reduce their exposure with a more balanced approach. It's just good business sense for South Carolina and all of its businesses."

This will now head to the Senate for their approval.

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