South Carolina General Assembly
120th Session, 2013-2014

Download This Bill in Microsoft Word format

Indicates Matter Stricken
Indicates New Matter

S. 912

STATUS INFORMATION

General Bill
Sponsors: Senators Peeler and Malloy
Document Path: l:\council\bills\bh\26047dg14.docx

Introduced in the Senate on January 14, 2014
Currently residing in the Senate

Summary: Hospitality Tax Revenue

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   1/14/2014  Senate  Introduced and read first time (Senate Journal-page 72)
   1/14/2014  Senate  Referred to Committee on Finance (Senate Journal-page 72)
   2/19/2014  Senate  Committee report: Favorable Finance 
                        (Senate Journal-page 19)

View the latest legislative information at the website

VERSIONS OF THIS BILL

1/14/2014
2/19/2014

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

Indicates Matter Stricken

Indicates New Matter

COMMITTEE REPORT

February 19, 2014

S. 912

Introduced by Senator Peeler

S. Printed 2/19/14--S.

Read the first time January 14, 2014.

            

THE COMMITTEE ON FINANCE

To whom was referred a Bill (S. 912) to amend Section 6-1-730, as amended, Code of Laws of South Carolina, 1976, relating to the use of hospitality tax revenue, so as to allow, etc., respectfully

REPORT:

That they have duly and carefully considered the same and recommend that the same do pass:

HUGH K. LEATHERMAN, SR. for Committee.

            

STATEMENT OF ESTIMATED FISCAL IMPACT

REVENUE IMPACT 1/

This bill is not expected to impact local revenue levels. However, this bill may result in changes in expenditures. The Office of State Budget prepares fiscal impact statements dealing with costs (expenditures) which could arise as the result of a statutory change.

Explanation

This bill expands the outlined usages of revenue collected from the local hospitality tax. The bill does not alter Section 6-1-730(A)(4) in a manner that would affect local revenue levels.

Approved By:

Frank A. Rainwater

Board of Economic Advisors

1/ This statement meets the requirement of Section 2-7-71 for a state revenue impact by the BEA, or Section 2-7-76 for a local revenue impact or Section 6-1-85(B) for an estimate of the shift in local property tax incidence by the Office of Economic Research.

A BILL

TO AMEND SECTION 6-1-730, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE USE OF HOSPITALITY TAX REVENUE, SO AS TO ALLOW REVENUE TO BE SPENT ON ROADS AND BRIDGES PROVIDING ACCESS TO DESTINATIONS CONTRIBUTING TO TOURIST ACTIVITIES.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Section 6-1-730(A)(4) of the 1976 Code is amended to read:

"(4)    highways, roads, streets, and bridges providing access to tourist destinations or destinations contributing to tourist activities;"

SECTION    2.    This act takes effect upon approval by the Governor.

----XX----

This web page was last updated on March 3, 2014 at 1:53 PM