COLUMBIA, S.C. — A bill in South Carolina to cut the state’s boat property taxes, which are the highest in the nation, is on its way to the House.
[ ALSO READ: South Carolina weighs eliminating state income tax ]
It passed the Senate, 39-1, last week.
If the bill becomes law, it will cut boat property taxes from 10.5% to 6% over several years.
It would also eliminate a separate registration fee for outboard motors.
The House must agree to changes made in the bill before it goes to the governor’s desk.
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