South Carolina Lawmakers Pass Series of Small Business Bills

Small Business Open

South Carolina lawmakers passed several small business-focused bills before skipping town last week but didn’t pass a high-profile measure business groups hoped they would.

Palmetto State legislators passed H. 4832, the “Paid Family Leave Insurance Act,” to create private insurance covering paid family leave and H. 3992 to allow employers to establish a payment plan for paying delinquent unemployment insurance taxes and allow them to potentially pay at a reduced rate.

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South Carolina Lawmakers Start Debate on $40 Billion State Budget

South Carolina Capitol

South Carolina lawmakers are debating a roughly $40 billion fiscal 2024-25 state budget that anticipates more than $12 billion in state general funds and billions more in federal money.

Last month, the South Carolina Board of Economic Advisors voted to keep the fiscal 2023-24 revenue forecast estimate at nearly $12.9 billion and the fiscal 2024-25 revenue forecast estimate at more than $13.2 billion.

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