Current Status Introducing Body:House Bill Number:3910 Primary Sponsor:Kirsh Committee Number:30 Type of Legislation:GB Subject:Sales and use tax distributions Residing Body:House Current Committee:Ways and Means Computer Document Number:NO5/7087HC.93 Introduced Date:19930413 Last History Body:House Last History Date:19930413 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Kirsh Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved ____ ______ ____________ ______________________________ ___ ____________ 3910 House 19930413 Introduced, read first time, 30 referred to CommitteeView additional legislative information at the LPITS web site.
TO AMEND SECTION 4-10-50, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DISTRIBUTIONS FROM THE LOCAL SALES AND USE TAX COUNTY/MUNICIPAL REVENUE FUND, SO AS TO PROVIDE THAT ALL REVENUE FROM THE FUND MUST BE DISTRIBUTED TO COUNTIES AND MUNICIPALITIES BASED ON POPULATION RATHER THAN IN EQUAL PROPORTIONS BASED ON LOCATION OF SALES AND POPULATION.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 4-10-50(A) of the 1976 Code is amended to read:
"(A) The revenue generated in a county area and set aside and allocated to the County/Municipal Revenue Fund must be distributed to the county and the municipalities in the county area as follows:
(1) fifty percent based upon the location of the sale,
(2) fifty percent based on population."
SECTION 2. This act takes effect July 1, 1993.