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flag South Carolina's House passes bill to eventually eliminate state income taxes, but Senate delays action.

flag South Carolina's House has passed a bill that could eventually eliminate state income taxes. flag The bill lowers the top tax rate to 5.39% for those earning over $30,000 and to 1.99% for those below, potentially leading to a single flat rate. flag About one in four taxpayers would see their taxes rise. flag The Senate, however, will not consider the bill this year, opting to study it further before January.

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