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TRAC report sidelined
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With the passage of Act 81 of 2009, the General Assembly took an important step to confront the antiquated and faulty tax structure that has been cobbled together over the decades, and that is now breaking down in the modern economy. The legislature created the South Carolina Taxation Realignment Commission to conduct a “thorough assessment of the State’s current tax structure to determine its ‘adequacy, fairness, and efficiency’ and to ensure that our State remains an ‘optimum competitor in its efforts to attract business and individuals to locate, live, work, and invest’ in South Carolina.” The Commission is comprised of ten appointees by our state’s republican leadership: Governor Sanford, Senator Leatherman, Senator McConnell, Senator Peeler, Representative Harrell, and Representative Cooper, and one appointee of Senate Democratic Caucus Leader John Land.