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Current Status Bill Number:View additional legislative information at the LPITS web site.3070 Type of Legislation:General Bill GB Introducing Body:House Introduced Date:19990112 Primary Sponsor:Kirsh All Sponsors:Kirsh, Simrill Drafted Document Number:l:\council\bills\bbm\10023htc99.doc Residing Body:House Current Committee:Ways and Means Committee 30 HWM Subject:Coin-operated devices, tax of fifty percent imposed on net income from; school districts construction; Gambling History Body Date Action Description Com Leg Involved ______ ________ ______________________________________ _______ ____________ House 19990112 Introduced, read first time, 30 HWM referred to Committee House 19981209 Prefiled, referred to Committee 30 HWM Versions of This Bill
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-21-2777 SO AS TO IMPOSE A FIFTY PERCENT TAX ON NET INCOME FROM VIDEO GAME MACHINES WITH A FREE PLAY FEATURE, TO PROVIDE FOR THE PROCESS FOR ENFORCEMENT AND COLLECTION OF THE TAX, AND TO PROVIDE THAT THE FIRST ONE HUNDRED FIFTY MILLION DOLLARS IN ANNUAL REVENUE OF THE TAX MUST BE USED FOR PUBLIC SCHOOL CONSTRUCTION AND RENOVATION ON A NEED-BASED FORMULA DEVISED BY THE STATE DEPARTMENT OF EDUCATION WITH THE BALANCE USED TO REDUCE CLASS SIZE TO FIFTEEN STUDENTS IN PUBLIC SCHOOL GRADES K-5.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 20, Chapter 21, Title 12 of the 1976 Code is amended by adding:
"Section 12-21-2777. (A) A tax at the rate of fifty percent is imposed on the net income derived from a machine licensed pursuant to Section 12-21-2720(A)(3).
(B) The tax is due and payable on a monthly basis, on or before the twentieth day of the month, and the person liable for the tax on the due date shall make a return to the department, in a form it prescribes, showing the total cash in, total payout, and net machine income for the previous month, and remit the tax with it.
(C) The person making the report required pursuant to Section 12-21-2776(B) is liable for the tax.
(D) Enforcement and collection of this tax are as provided in Chapter 54 of this title.
(E) Revenue of the tax imposed by this section must be credited to the general fund of the State and used only for the following purposes:
(1) the first one hundred fifty million dollars received in a fiscal year must be used for public school construction and renovation projects according to a need-based formula devised by the State Department of Education;
(2) the balance of the revenues from fiscal years must be used to reduce public school class size to fifteen students in grades K-5."
SECTION 2. This act takes effect July 1, 1999.
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