Letter Sent to Encourage SC Senate to Pass H.B. 4996

On May 16, FSI sent a letter to the South Carolina Senate encouraging passage of H.B. 4996, which would reduce the optional tax rate on active trade or business income received by a pass-through business from 5% to 3% over four tax years beginning in tax year 2012.

The bill could potentially help more than 60,000 small businesses and 188 FSI member financial advisors in South Carolina.

Click here to read the letter.