Since enacting "Point of Sale" legislation, South Carolina Realtors have been actively and passionately rallying and lobbying our leaders to reform. When this was passed into law, it all seemed to make sense on paper, but the reality has been a disaster. We desperately need our legislature to repeal this "reform" but politics keeps getting in the way and the South Carolina taxpayers are suffering because of it. Additionally, at a time when recruiting business and industry to our state is critical, we are being passed over because of this unfair tax.
In this historic economy, the last thing we need are taxes that eliminate jobs and prevent new businesses from opening in South Carolina. Unfortunately local governments now have the right through this "Point of Sale" law to increase property taxes on homes, land and businesses when they are sold. Because of this unfair tax, some companies have said they will not relocate or open new businesses in South Carolina. Our state has lost hundreds of millions in economic investment and that means businesses are taking their jobs to other states. This is truly a tragic state of affairs.
If you want to learn more and want to join our efforts to protect South Carolina's future of jobs and corporate investment, visit the SC Realtors' Facebook page and "like" it. All of us need to join together to help right the wrongs and get South Carolina's workers, our economy and our future back to work!
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