SC lawmakers approve pro sports incentive plan
COLUMBIA, S.C. (AP) – House and Senate negotiators have reached an agreement that could pave the way for the Carolina Panthers to move some of their operations to South Carolina.
A conference committee voted unanimously Thursday in favor of providing tax incentives to professional sports teams that come to the Palmetto State. Lawmakers also adopted a provision that would provide companies increased credits if they move to the state’s poor, rural counties.
The plan now heads to the General Assembly for a vote next week during special session.
If passed, the proposal could provide nearly $115 million in state income tax breaks for the NFL team that is considering building a new practice facility and moving team headquarters to Rock Hill, which about 15 miles south of its current Charlotte, North Carolina, location.