View Amendment Current Amendment: FIN to Bill 675

The Committee on Finance proposed the following amendment (SA\675C001.BH.SA21):

Amend the bill, as and if amended, SECTION 2, by striking Section 55-5-280(B)(1) and inserting:

/ (B)(1) In Fiscal Year 2021-2022, the first one million two hundred fifty thousand dollars in revenue from the tax levied by the State pursuant to Section 12-37-2410, et seq., must be directed to the general fund of the State. In any fiscal year in which Fiscal Year 2021-2022, if the revenues from the tax levied by the State pursuant to Section 12-37-2410, et seq., exceeds two and one-half one million two hundred fifty thousand dollars, the revenues in excess of two and one-half one million two hundred fifty thousand dollars must be directed to the State Aviation Fund; however, any revenue in excess of five million dollars must be credited in equal amounts to the general fund and the State Aviation Fund./