‘Yankee Tax’ In South Carolina Moves Forward In State Senate

A “Yankee tax” The technology has advanced South Carolina The state Senate is imposing additional fees on those who move to the Palmetto State for their vehicle registrations this week. 

Republican State Senator Stephen Goldfinch proposes a tax that would add $250 to existing $250 fees paid by transplants to register vehicles. This money would be used for infrastructure projects in the state. 

“We in South Carolina don’t require a capital contribution of anybody that moves here from out of state, although they take advantage of our roads, our bridges, our schools, and our green spaces immediately on day one,” Goldfinch . 

Goldfinch, a representative of coastal counties near Charleston said that the purpose of the measure is not to slow down the inflow of new residents, but rather to generate more revenue for state infrastructure improvement.

“We’re not trying to build a wall across the North Carolina border,” He . “But, at the same time, we think that people should have to pay their fair share when they show up.”

The bill was referred to as “a” “Yankee tax,” The Senate Finance Committee approved the bill 11-6. It will now be up for vote by the whole Senate.

Some people have suggested exempting military personnel from the tax if they move to the state following their service. Goldfinch stated that he was open to this idea. Another Republican state senator, Sean Bennett, backed the bill and said that managing growth is hard. 

“Growth is not easy to manage, particularly in your community, certainly in my communities,” He stated. “But where does it stop, I guess, is my question.”

According to a report, South Carolina was among the top ten states where you can move in 2022. This list included Arizona, Tennessee and North Carolina. Recent Report. South Carolina has seen a 500,000-person increase in population over the past ten years. Many of these people are from neighboring North Carolina and Georgia.

Many people are moving to the South because they have moved from California and New York. They want lower taxes, milder weather and better business climates. California, New Jersey and Michigan were the states that lost the most people. 

Some areas have seen rising housing prices due to the inflow of residents who sell their expensive properties in California and move to states with more affordable land.