The former Bowater plant, now owned by Resolute Forest Products, filed an appeal with the S.C. Department of Revenue regarding their property value for tax years 2015, 2016 and 2017. The appeal has resulted in a revenue loss to Rock Hill schools.
The House GOP tax plan would eliminate deductions for student loan interest, a deduction claimed by millions on their tax returns every year. But a University of South Carolina professor says those taxpayers actually will make out better under the proposal.
Of South Carolina’s more than 5,600 school buses, some are old, others fire prone and in need of replacement. Overriding Gov. Henry McMaster’s veto is just one option lawmakers will consider to help cover the cost of new buses next year.