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Success For Small Businesses
Thursday June 02, 2005 10:29pm    Posted By: Theresa Acker
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Columbia, SC - The South Carolina General Assembly is touting this year's session as a success for small businesses.  Senate Finance Committee chairman Hugh Leatherman says this year's session was one of the best in his 25 years at the Statehouse.

Lawmakers say an income tax cut for small businesses and limiting frivolous lawsuits will help businesses grow and create jobs.

Both those bills were signed into law by Governor Mark Sanford (website - news) .

Taxes on small businesses have been reduced to five percent.

That's down from seven percent.  It will cost 129 million dollars when fully implemented in four years.


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