South Carolina General Assembly

General Appropriations Bill H. 4700 for the fiscal year beginning July 1, 1998

.............................................................................................................................PAGE 392

SECTION 71

ESTIMATE OF GENERAL, SCHOOL, HIGHWAY,
AND EDUCATION IMPROVEMENT ACT REVENUES
FISCAL YEAR 1998-99

House of
Governor's Representatives Senate
Estimate Estimate Estimate
FY 1998-99 FY 1998-99 FY 1998-99
January 13, 1998 March 5, 1998 May 7, 1998
----------------------- ------------------- --------------------
REGULAR SOURCES:
  Retail Sales Tax 1,797,070,592 1,805,702,112 1,805,702,112
  Income Tax (Total) 2,151,506,309 2,065,355,866 2,424,263,716
  Individual 1,986,158,916 1,906,829,358 2,214,864,717
  Corporation 165,347,393 158,526,508 209,398,999
----------------------- ------------------- --------------------
  Total Income and Sales Tax 3,948,576,901 3,871,057,978 4,229,965,828
----------------------- ------------------- --------------------
All Other Revenue
  Admissions Tax 2,681,324 3,000,000 3,000,000
  Aircraft Tax 3,106,712 3,475,946 3,475,946
  Alcoholic Liquor Tax 45,659,328 48,814,252 48,814,252
  Bank Tax 15,212,192 17,020,167 17,020,167
  Beer and Wine Tax 72,953,200 81,592,175 81,592,175
  Business License Tax 28,649,482 32,054,485 32,054,485
  Coin-Operated Device Tax 893,775 3,600,000 56,000,000
  Corporation License Tax 49,060,346 54,891,188 54,891,188
  Departmental Revenue 34,201,060 42,740,870 42,765,870
  Documentary Tax 19,344,053 21,643,102 21,643,102
  Earned on Investments 56,799,371 63,000,000 60,000,000
  Electric Power Tax 17,926,784 20,057,390 20,057,390
  Estate Tax 28,141,418 35,036,037 35,036,037
  Fertilizer Inspection Tax 183,224 205,000 205,000
  Insurance Tax 87,056,144 97,402,802 97,402,802
  Motor Transport Fees 187,693 210,000 210,000
  Motor Vehicle Licenses 72,020,122 81,079,743 81,079,743
  Petroleum Inspection Tax 6,815,119 7,625,099 7,625,099
  Private Car Lines Tax 1,608,794 1,800,000 1,800,000
  Public Service Authority 6,352,368 7,107,350 7,107,350
  Retailers' License Tax 937,849 1,049,313 1,049,313
  Savings & Loan Association Tax 2,910,566 3,256,488 3,256,488
  Soft Drinks Tax 13,357,544 13,421,702 13,421,702
  Workers' Compensation Insurance Tax 8,319,414 9,308,180 9,308,180
----------------------- ------------------- --------------------
  Total All Other Revenue 574,377,882 649,391,289 698,816,289
----------------------- ------------------- --------------------
Total Regular Sources 4,522,954,783 4,520,449,267 4,928,782,117
----------------------- ------------------- --------------------


.............................................................................................................................PAGE 393

SECTION 71

ESTIMATE OF GENERAL, SCHOOL, HIGHWAY,
AND EDUCATION IMPROVEMENT ACT REVENUES
FISCAL YEAR 1998-99

House Of
Governor's Representatives Senate
Estimate Estimate Estimate
FY 1998-99 FY 1998-99 FY 1998-99
January 13, 1998 March 5, 1998 May 7, 1998
----------------------- ------------------- --------------------
MISCELLANEOUS SOURCES:
  Circuit & Family Court Fines 7,507,706 8,400,000 8,400,000
  Debt Service Reimbursement 23,003,610 25,737,599 25,737,599
  Indirect Cost Recoveries 21,331,050 23,116,254 23,866,254
  Mental Health Fees 3,396,343 3,800,00 3,800,000
  Parole & Probation Supervision Fees 3,185,439 3,564,030 3,564,030
  Unclaimed Property Fund Transfer 5,094,515 5,700,000 5,700,000
  Non-recurring revenue 9,500,000
  Waste Treatment Loan Repayment 178,757 200,000 200,000
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Total Miscellaneous Sources 63,697,420 70,517,883 80,767,883
----------------------- ------------------- --------------------
Total Regular and Miscellaneous Revenue 4,586,652,203 4,590,967,150 5,009,550,000
 
Less: General Reserve Fund Transfer (3,269,750) (7,269,750) 0
----------------------- ------------------- --------------------
  Total General Fund Revenue 4,583,382,453 4,583,697,400 5,009,550,000
----------------------- ------------------- --------------------
  Department of Transportation Revenue 749,139,468 749,139,468 749,139,468
 
Education Improvement Act 454,425,528 454,425,528 454,425,528
 
Revenue Earmarked for Tax Relief Trust Funds 344,857,850
-------------------
  Total All Sources of Revenues 5,786,947,449 6,132,120,246 6,213,114,996
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