(AP) -- Bills to cut South Carolina's tax rate on manufacturer, commercial and rental property are up for debate by a House panel.
The measures are part of a tax reform package introduced last week by the House Republican Caucus.
The bills set for discussion in a Ways and Means subcommittee Tuesday would reduce local government revenue.
One would cut manufacturers' property taxes from 10.5 percent to 6 percent over four years. State budget advisors expect that to take $228 million from local governments when the phase-in is complete.
The other bill would reduce the rate on commercial and rental property from 6 percent to 5 percent over eight years. That total price tag would reach $827 million in 2020-21.
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