Current Status Bill Number:1106 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19980310 Primary Sponsor:Rankin All Sponsors:Rankin and Elliott Drafted Document Number:res1643.lar Companion Bill Number:4526 Residing Body:House Current Committee:Ways and Means Committee 30 HWM Subject:Admissions license tax, imposition of and exemptions from; Taxation
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
House 19980514 Introduced, read first time, 30 HWM
referred to Committee
Senate 19980513 Read third time, sent to House
Senate 19980430 Read second time, notice of
general amendments
Senate 19980429 Recalled from Committee 06 SF
Senate 19980310 Introduced, read first time, 06 SF
referred to Committee
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Indicates Matter Stricken
Indicates New Matter
RECALLED
April 29, 1998
S. 1106
S. Printed 4/29/98--S.
Read the first time March 10, 1998.
This bill would reduce state admissions tax revenue allocated to the Department of Parks, Recreation, and Tourism by approximately $200,000 per fiscal year.
Currently, local entities are permitted to impose admissions taxes in addition to the 5 percent state admissions tax. The Department of Revenue has ruled that, when the local admissions tax is charged, it is subject to the state admission tax. This bill would preclude the state from charging a tax on the local tax.
Currently, Horry County is the only county applying a local admission's tax. Last year, the State collected $8 million in admissions taxes in Horry County. This bill would cause the State to lose 2.5 percent of that amount which is $200,000.
Approved By:
William C. Gillespie
Board of Economic Advisors
TO AMEND SECTION 12-21-2420, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE IMPOSITION OF AND EXEMPTIONS FROM THE ADMISSIONS LICENSE TAX, SO AS TO PROVIDE THAT THE MEASURE OF THIS TAX DOES NOT INCLUDE ANY TAX OR FEE IMPOSED BY A POLITICAL SUBDIVISION OF THE STATE THAT CONSTITUTES A PART OF THE CHARGE FOR ADMISSION.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The last paragraph of Section 12-21-2420 of the 1976 Code is amended to read:
"The tax imposed by this section shall must be paid by the person or persons paying such the admission price and shall must be collected and remitted to the South Carolina Department of Revenue by the person or persons collecting such the admission price. The tax imposed by this section shall does not apply to:
(a) any amount separately stated on the ticket of admission for the repayment of money borrowed for the purpose of constructing an athletic stadium or field by any accredited college or university; or
(b) any amount of the charge for admission, whether or not separately stated, that is a fee or tax imposed by a political subdivision of the State.
The revenue derived from the provisions of this section from fishing piers along the coast of South Carolina is hereby allocated for use of the Commercial Fisheries Division of the Department of Natural Resources."
SECTION 2. This act takes effect on the first day of the first month following approval by the Governor.