View Amendment Current Amendment: 1 to Bill 3412 The WAYS AND MEANS COMMITTEE proposes the following Amendment No. 1 to H. 3412 (COUNCIL\BBM\3412C002.BBM.HTC13):

Reference is to the bill as introduced.

Amend the bill, as and if amended, by striking Section 12-36-2647, as contained in SECTION 2, page 2, and inserting:

     /      Section 12-36-2647.      (A)      Notwithstanding the provisions of Section 59-21-1010, for fiscal years 2013-2014 and 2014-2015, fifty percent and thereafter one hundred percent of sales, use, and casual excise tax revenues derived from the sale, use, or titling of a vehicle required to be licensed and registered by the South Carolina Department of Motor Vehicles, otherwise required to be credited as provided pursuant to Section 59-21-1010, instead must be credited to the State Non-Federal Aid Highway Fund established pursuant to Section 57-11-20. Revenues credited to the State Non-Federal Aid Highway Fund pursuant to this section must be used exclusively for highway, road, and bridge maintenance, construction, and repair.
     (B)      There is transferred from income tax revenues credited to the general fund of the State in each fiscal year to the Education Improvement Fund an amount sufficient to offset sales tax revenues not credited to the EIA fund as a result of the operation of this section. /

Renumber sections to conform.
Amend title to conform.