SC Legislative Update – 9.28.20
SC Legislative Update – 9.28.20 By Ben Homeyer The General Assembly session ended with a huge flourish. Business License Tax reform passed the General Assembly after more than ten years! This legislation streamlines and standardizes the business license tax process without negatively impacting municipal revenue (which has been a major sticking point for years). There...
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SC Legislative Update – 9.8.20
Budget Update from Senate Finance Hearing by Ben Homeyer Senate Finance met today to put forth recommendations for their budget to move forward next week.  They feel they need some procedural and actual changes to ensure should a shortfall occur between Nov and Jan when the GA is not allowed to meet in session because...
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NC Legislative Update – 9.14.20
By Lexi Arthur NC Legislative Update September 14, 2020   North Carolina lawmakers returned to Raleigh on Wednesday, September 2nd for a session that lasted two days. The next day, the NC General Assembly adjourned after allocating the remaining $1.1 billion of COVID relief funding that needed to be spent before 2021. While most of...
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SC Legislative Update – 9.8.20
SC Legislative Update By Ben Homeyer   Business License Reform H 4431, the Business License reform act, was passed out of full Senate Finance this morning.  The bill requires a standard application form, renewal date, appeals procedure, and class schedules, along with creating a central online payment portal administered by a governmental agency, ensuring taxpayer...
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SC Legislative Update – 9.1.20
SC Legislative Updates By Ben Homeyer The State Board of Economic Advisors met yesterday to give what is expected to be their final outlook for the year.  They are putting growth at 2.5% for the coming year.  This is down significantly from the earlier reports.  This equates to about $90 million in recurring revenue for...
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