It's been more than a week since a local bill to capture many
millions more in tax money for Horry County's units of local
government was placed in the care of Horry County senators. Why
haven't they passed it?
This bill should be a no-brainer. It would help our public
schools and other local governments without increasing
property-tax valuations or rates.
The bill, H. 4220, corrects a flaw in current S.C. tax law that
allows some new-home owners to escape property taxation for up to 18
months. That same flaw allows some folks who add square footage to
existing homes - pools, for instance, or family rooms - to avoid
taxation on the added value for up to 18 months.
You'd think that in this cash-starved time for local governments,
the Horry County Senate delegation would love to help local
governments add millions to their bottom lines. You'd think, as
well, that Sens. Luke Rankin, D-Myrtle Beach; Dick Elliott, D-North
Myrtle Beach; Yancey McGill, D-Kingstree; and Arthur Ravenel,
R-Mount Pleasant, would love to create tax equity for Horry
County property owners who pay their taxes faithfully.
It's not right that their taxes support schooling for children
whose parents, by virtue of buying a new home, escape taxation for
up to a year and a half. It's not right that folks who pay their
property taxes are subsidizing the costs of policing, fire
protection, public works and the myriad other costs of government
for folks who bought a new home or expanded an existing one.
The Horry County delegation to the S.C. House had no problem
passing this free-ride-ending bill earlier this month. If Horry
senators care about tax fairness and the health of our
cash-strapped county and municipal governments, and schools, they
will pass H. 4220 this week.