Columbia, S.C. • South Carolina lawmakers are taking steps to lure the Carolina Panthers to move their practice facility and operations across the North Carolina state line by introducing legislation that would provide tax credits and incentives to professional sports teams.
Members of the House Economic Development Legislative subcommittee voted Tuesday in favor of the Professional Sports Team Investment Act. The proposal would allow the NFL team to be eligible for tax credits and exemptions, incentives they would not have been eligible for under current laws. A Senate subcommittee passed their companion version of the bill Tuesday.