Current Status Bill Number:306 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19950110 Primary Sponsor:Elliott All Sponsors:Elliott Drafted Document Number:JIC\5257HTC.95 Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:General tax imposition
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ Senate 19950110 Introduced, read first time, 06 SF referred to CommitteeView additional legislative information at the LPITS web site.
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 2-7-100 SO AS TO REQUIRE IDENTIFICATION IN A SEPARATE SECTION OF THE ANNUAL GENERAL APPROPRIATIONS ACT ANY PORTION OF THE REVENUE ESTIMATE OF THE BOARD OF ECONOMIC ADVISORS ATTRIBUTABLE TO A GENERAL TAX INCREASE OR THE IMPOSITION OF A NEW GENERAL TAX AND TO DEFINE "GENERAL TAX".
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article I, Chapter 7, Title 2 of the 1976 Code is amended by adding:
"Section 2-7-100. If the revenue estimate of the Board of Economic Advisors contains any additional revenue attributable to a general tax increase or the imposition of a new general tax first applicable for any part of the upcoming fiscal year, then this increase or new imposition and its projected revenue must be identified in a separate section of the annual general appropriations act. For purposes of this section, a general tax is as defined in Section 11-11-440."
SECTION 2. This act takes effect upon approval by the Governor.