Tuesday, November 5, 2024
As expected, two road funding plans were introduced in the S.C. House yesterday.
Rep. Gary Simrill (R-York) and Chairman of the House Ad Hoc Transportation Committee introduced H.3579, a bill crafted around the recommendations of the study committee.
Rep. Tommy Stringer (R-Greenville) introduced H.3580, a bill that mirrors the gas tax/income tax plan outlined by Gov. Nikki Haley in her State of the State address last month.
The S.C. House plan to fix roads is still in the planning stages, but the politics in it resembles the best thoughts of Niccolo Machiavelli.
Rep. Gary Simrill, R-York, will, reportedly, introduce the plan next week. Simrill chaired a special committee over the summer and fall that developed the plan.
Highlights of the plan include lowering the state’s gas tax at the pumps from its current 16.75 cents to 10.75 cents, but it would add a six percent sales tax to gas sales at the wholesale level. Not only would the wholesale tax be passed on to the consumer by being added to the price of gas at the pump, but it would increase overall gas taxes paid by the end consumer. (If you reduce a tax by 6 cents, but add back a 6 percent tax, any price over $1 per gallon results in a tax increase. Low as gas prices are right now, they are still considerably more than $1.)
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