Tag Archives: Department of Revenue

Politicians’ promises don’t reflect written incentives deals

July 8, 2020

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By RICK BRUNDRETT       S.C. politicians routinely love to make promises about massive corporate investment and multitudes of new jobs in the Palmetto State. But the secretly crafted written agreements offering taxpayer-backed incentives in exchange for those promised jobs and investment often don’t live up to the official hype. Last month, The Nerve detailed how for […]

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Truths about secret incentives deals revealed – 10 years later

June 24, 2020

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By RICK BRUNDRETT All we wanted was the truth. Over the past several decades, South Carolina legislators and governors, as well as local governments, collectively have given away billions in incentives to countless corporations. Cash, land, tax breaks and free job training have been thrown at companies in exchange for the promise of jobs. Taxpayers […]

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Will Year 2 of gas tax credit be as unpopular as the first?

March 13, 2020

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By RICK BRUNDRETT A state agency is again predicting that S.C. taxpayers will claim the maximum-allowed amount of income tax credits to offset the gas tax hike, though the first official estimate was way off the mark. For last year’s income tax filings, the S.C. Revenue and Fiscal Affairs (RFA) Office projected that a total […]

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SC handing out incentives to companies that lay off workers, close plants

October 18, 2019

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Payoff

By RICK BRUNDRETT In announcing in April that DHL Supply Chain, a global logistics company, would locate a $100 million distribution and warehouse park in Dorchester County, Gov. Henry McMaster in a prepared statement said he couldn’t “wait to see what the future holds for this great company here.” In exchange for the planned investment, […]

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Southern 500 in Darlington racing with plenty of tax dollars

August 30, 2019

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By RICK BRUNDRETT The thousands of fans who are expected to attend the Bojangles’ Southern 500 at Darlington Raceway on Sunday aren’t the only folks supporting the annual NASCAR race. For years, taxpayers have subsidized the private stock-car racetrack dubbed “The Track Too Tough to Tame.” State comptroller general records, for example, show that the […]

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No bad bridges fixed under gas-tax-hike law, slow progress with other funds

June 12, 2019

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By RICK BRUNDRETT The state transportation department hasn’t replaced one bad bridge with gas-tax-hike revenues collected for nearly two years – despite promises by lawmakers that the money would be used to fix South Carolina’s crumbling roads and bridges. And the Department of Transportation has completed relatively few bridge projects in recent years with other […]

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S.C. lawmakers racing to give more incentives to Darlington Raceway

April 20, 2018

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By RICK BRUNDRETT The decades-old Darlington Raceway is getting a pricey facelift – and also could soon receive another big taxpayer-backed gift under fast-track legislation that the raceway’s president says was the company’s idea. If it passes, the S.C. House bill would be the second stand-alone legislation since 2013 benefiting the raceway, which annually hosts […]

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