Tax & Accounting Blog

Controversy Over Myrtle Beach Tourism Sales Tax

Indirect Tax, ONESOURCE, Sales and Use Tax May 18, 2012

 In March of 2008, Myrtle Beach, South Carolina, implemented a 1% sales tax intended for the promotion of tourism and to subsidize property taxes.  Despite strong opposition from the governor and many locals, the privately ran Chamber of Commerce passed the tax anyways without a vote, but put a 10 year limit on it.  Now, in order to meet previous commitments, the city is discussing borrowing more money and making this legislation permanent.  Some polls are showing up to 90% disapproval on this issue, and many local media outlets are keeping close tabs on the spending of these public tax dollars.