Gov. Haley's panel studies military's impact on SC

Gov. Haley's panel studies military's impact on SC
South Carolina Governor Nikki Haley


Associated Press

COLUMBIA, S.C. (AP) - Gov. Nikki Haley's advisory panel on military affairs is looking at proposals for cutting or reducing the state's tax on military retirees.

The South Carolina Military Base Task Force meets Wednesday and gets a report on how cutting the tax may draw more retirees to the state and boost the economy.

Panel chairman William Bethea says the exemption is one of the panel's top priorities.

During the last session, a bill exempting military retiree pay from the income tax passed the House but came up too late for the Senate to vote on it.

The S.C. Board of Economic Advisors has said the tax generates at least $22 million a year in revenue.

Advocates for the bill argue a larger retiree base would help the state recapture those dollars.

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