Current Status Bill Number:143 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19970114 Primary Sponsor:Rose All Sponsors:Rose Drafted Document Number:s-res\rose\res1097.mtr Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:Accomodations tax revenues, distribution of; taxation, political subdivisions
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
Senate 19970114 Introduced, read first time, 06 SF
referred to Committee
View additional legislative information at the LPITS web site.
TO AMEND SECTION 6-4-20, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DISTRIBUTION OF ACCOMMODATIONS TAX REVENUES, SO AS TO PROVIDE THAT ONE MILLION DOLLARS OF THE REVENUES OF THE ACCOMMODATIONS TAX IN A FISCAL YEAR MUST BE REMITTED QUARTERLY TO ANY COUNTY IN WHICH IS COLLECTED MORE THAN SIX MILLION DOLLARS IN SUCH REVENUES IN THE FISCAL YEAR AND TO PROVIDE THAT THE COUNTY MUST USE THIS ALLOCATION ONLY FOR ROAD CONSTRUCTION OR MAINTENANCE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 6-4-20(F) of the 1976 Code is amended to read:
"(F) (1) Two percent of the local accommodations tax levied pursuant to Section 12-36-2630(3) must be remitted quarterly and equally to the eleven agencies designated by law and regional organizations to administer multi-county tourism programs in the state tourism regions as identified in the promotional publications of the South Carolina Department of Parks, Recreation and Tourism. This remittance is in addition to other funds that may be allocated to the agencies by local governments.
(2) After the deduction provided in item (1) of this subsection, the State Treasurer shall withhold an additional amount of accommodations tax revenues in each fiscal year sufficient to provide an amount equal to one million dollars for the year to each county area estimated by the Department of Revenue and Taxation to collect more than six million dollars in accommodations tax revenues for that fiscal year. This sum must be remitted in quarterly installments to a county eligible for this additional allocation. This additional allocation may be used only for road construction and maintenance."
SECTION 2. This act takes effect July 1, 1997.