Problems With Amazon Deal?
A much-hyped deal to bring internet retailer Amazon.com to South Carolina has hit a snag, sources tell FITS.
That’s because state lawmakers have yet to sponsor the “safe harbor” tax exemption legislation the company was reportedly promised when it agreed to locate a $100 million “fulfillment center” in Lexington County.
This center – which would create as many as 1,000 jobs – won’t be built unless lawmakers agree to carve out this exemption for the company, which they have yet to do. In fact, no one has even stepped forward to sponsor the legislation at this point – which we’re told has company executives nervous.
It’s unknown what other incentives Amazon.com already received – or is expecting to receive from S.C. taxpayers as part of its decision to locate in Lexington County.
As one of the first news outlets in the state to report on the Amazon.com announcement, we’ll keep our ears to the ground and let you know when this legislation is filed.
We’ll also keep pushing individual income tax relief, universal parental choice and other pro-free market reforms aimed at luring better jobs to the Palmetto state.
UPDATE: Here’s an Associated Press report about this deal published on February 27 that basically confirms what we wrote. The article – by reporter Jim Davenport – also features extensive quotes from S.C. Gov. Nikki Haley.