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Though the General Assembly technically adjourned Sine Die until next January, legislators returned sooner than expected, with Governor Henry McMaster calling them back into session to...
The Administration's enterprise zone proposal, unveiled by Ronald Reagan on March 23, promises to break the logjam that has built up in Washington on the concept. While several states have passed their own versions of the enterprise zone and many cities have been pressing Washington to enact a program, congressional supporters of the idea have been frustrated by the absence of a concrete Administration plan, despite Reagan's long-professed enthusiasm for the innovation.'
The Enterprise Zone concept has made solid progress on both sides of the Atlantic since it was unveiled in a 1978 speech by Sir Geoffrey Howe, MP, now the Chancellor of the Exchequer in Mrs. Thatcher's Conservative government. A means of stimulating economic development in depressed urban areas by encouraging local entrepreneurs through tax and regulatory relief, the approach marks a radical departure from the government expenditure programs of the 1960s and 1970s.
On June 22, 2022, Henry McMaster, the Governor of South Carolina, signed South Carolina Bill 901 (the "Bill") into law. The Bill amends the Enterprise Zone Act of 1995's section...
South Carolina Governor Henry McMaster signed Enterprise Zone Act of 1995 Job Development Credits amendment, one of the state's primary discretionary economic development incentives allowing entities to obtain employee withholding tax refund to reimburse business expenses.