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Revenue Impact of Tax Reform Bills

The following are links to the revenue impact statements of the various tax reform bills that I am sponsoring.

Note that small business tax relief was passed last Session.

H3264 – Elimination of corporate income tax as proposed by Gov. Haley saving larger corporations $220,600,000 at the end of 4 years.

H3265 – Reduction of manufacturing property assessment ratios saving manufacturers $192,064,000 at the end of 4 years.

H3266 – Elimination of several personal income tax brackets saving individual taxpayers $79,549,000.

The purpose of these bills are to remove inequities in the tax code, promote economic development and simplify the tax code.