South Carolina General Assembly

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

.............................................................................................................................PAGE 386

SECTION 71
ESTIMATE OF GENERAL, SCHOOL, HIGHWAY,
AND EDUCATION IMPROVEMENT ACT REVENUES
FISCAL YEAR 1998-99

  Board of   Ways & Means
  Economic Advisors Governor's Committee
  Estimate Estimate Estimate
  FY 1998-99 FY 1998-99 FY 1998-99
  November 10, 1997 January 13, 1998 February 21, 1998
REGULAR SOURCES:      
  Retail Sales Tax 1,805,702,112 1,797,070,592 1,805,702,112
  Income Tax (Total) 2,410,213,716 2,151,506,309 2,065,355,866
    Individual 2,225,214,717 1,986,158,916 2,065,355,866
    Corporation 184,998,999 165,347,393 0
 
    Total Income and Sales Tax 4,215,915,828 3,948,576,901 3,871,057,978
 
All Other Revenue
  Admissions Tax 3,000,000 2,681,324 3,000,000
  Aircraft Tax 3,475,946 3,106,712 3,475,946
  Alcoholic Liquor Tax 48,814,252 45,659,328 48,814,252
  Bank Tax 17,020,167 15,212,192 17,020,167
  Beer and Wine Tax 81,592,175 72,953,200 81,592,175
  Business License Tax 32,054,485 28,649,482 32,054,485
  Coin-Operated Device Tax 62,000,000 893,775 3,600,000
  Corporation License Tax 54,891,188 49,060,346 54,891,188
  Departmental Revenue 38,265,870 34,201,060 42,740,870
  Documentary Tax 21,643,102 19,344,053 21,643,102
  Earned on Investments 63,550,000 56,799,371 63,000,000
  Electric Power Tax 20,057,390 17,926,784 20,057,390
  Estate Tax 31,486,037 28,141,418 35,036,037
  Fertilizer Inspection Tax 205,000 183,224 205,000
  Insurance Tax 97,402,802 87,056,144 97,402,802
  Motor Transport Fees 210,000 187,693 210,000
  Motor Vehicle Licenses 80,579,743 72,020,122 81,079,743
  Petroleum Inspection Tax 7,625,099 6,815,119 7,625,099
  Private Car Lines Tax 1,800,000 1,608,794 1,800,000
  Public Service Authority 7,107,350 6,352,368 7,107,350
  Retailers' License Tax 1,049,313 937,849 1,049,313
  Savings & Loan Association Tax 3,256,488 2,910,566 3,256,488
  Soft Drinks Tax 13,421,702 13,357,544 13,421,702
  Workers' Compensation Insurance Tax 9,308,180 8,319,414 9,308,180
 
    Total All Other Revenue 699,816,289 574,377,882 649,391,289
 
Total Regular Sources 4,915,732,117 4,522,954,783 4,520,449,267


.............................................................................................................................PAGE 387

SECTION 71
ESTIMATE OF GENERAL, SCHOOL, HIGHWAY,
AND EDUCATION IMPROVEMENT ACT REVENUES
FISCAL YEAR 1998-99

    Board of   Ways & Means
    Economic Advisors Governor's Committee
    Estimate Estimate Estimate
    FY 1998-99 FY 1998-99 FY 1998-99
    November 10 1997 January13, 1998 February 21, 1998
               
MISCELLANEOUS SOURCES:            
               
  Circuit & Family Court Fines 8,400,000 7,507,706 8,400,000
  Debt Service Reimbursement 25,737,599 23,003,610 25,737,599
  Indirect Cost Recoveries 23,866,254 21,331,050 23,116,254
  Mental Health Fees 3,800,000 3,396,343 3 800,00
  Parole & Probation Supervision Fees 3,564,030 3,185,439 3,564,030
  Unclaimed Property Fund Transfer 5,700,000 5,094,515 5,700,000
  Waste Treatment Loan Repayment 200,000 178,757 200,000
______________ _______________ ______________
Total Miscellaneous Sources 71,267,883 63,697,420 70,517,883
 
Total Regular and Miscellaneous Revenue 4,987,000,000 4,586,652,203 4,590,967,150
 
Less: General Reserve Fund Transfer ______________ (3,269,750) (7,269,750)
 
  Total General Fund Revenue 4,987,000,000 4,583,382,453 4,583,697,400
 
  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 6,190,564,996 5,786,947,449 6,132,120,246