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Council adopts first reading to update business-license classes under Act 176
Summary
Anderson City Council voted unanimously on first reading to update the city's business-license class schedule to comply with South Carolina Act 176 and the state's NAICS-based classifications; staff estimates a potential $119,000 reduction in annual business-license revenue based on 2025 data.
The City Council of the City of Anderson on Sept. 22 approved on first reading an amendment to the city business-license ordinance to incorporate the state-mandated 2025 business-license class schedule under Act 176, Chief Financial Officer Margaret Martin told the council.
"Act 176 requires all taxing jurisdictions to use the same business license rate class schedule" and to classify businesses using NAICS categories, Martin said, adding that the city updates the schedule every two years as required by state law.
Martin tol…
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