Posted on Mon, Feb. 17, 2003


Revenue chief returns


Staff Writer
Burnet Maybank III is the tax man again.

Maybank served as state Revenue Department director under Gov. David Beasley from 1995 to 1999. Before returning to the department last month, he was a tax attorney with Nexsen, Pruet, Jacobs and Pollard in Charleston.

Maybank, 47, oversees the tax collection arm of state government. His pay is based on a $100,000 annual salary until a new pay structure for Cabinet secretaries is approved.

With South Carolina facing a budget shortfall estimated to be between $400 million and $800 million, the Revenue Department is expected to play a key role in trying to fill state coffers.

The State recently asked Maybank about his return to the Revenue Department and his outlook for the state:

Q: Why did you choose to return as revenue director, especially given the state of South Carolina’s budget?

A: I found the job very rewarding and most important of all I’ve heard from so many people within the department that I decided it was something I wanted to do again.

Q: How different is the job in 2003 compared with four years ago?

A: It’s a significantly smaller Department of Revenue compared to when I left, especially in terms of employees, but I wouldn’t say the job itself is vastly different.

Q: How did the current budget crunch occur?

A: The state economy got in the situation it is in now through worldwide global trends and I think because the state lost its focus on economic development.

Q: What’s it going to take to get South Carolina’s bottom line back in the black?

A: For things to improve, the economy has to turn around in South Carolina.

Q: Do you think filing a tax return has become too difficult for many people?

A: The tax code has become too complex for many folks. On the state side, the return is easier but there is still an area of complexity that is beyond a lot of people.

Q: Do you do your own taxes, or use a preparer?

A: The tax laws have just gotten so complicated that it’s money well spent for me to have a CPA do my taxes.

Q: Will there be another tax amnesty this year or in the next four years, where people can pay back taxes without facing penalties?

A: There is no tax amnesty planned for this year, or in the near future.





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