South Carolina General Assembly
117th Session, 2007-2008

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H. 4627

STATUS INFORMATION

General Bill
Sponsors: Reps. Cotty, Edge, Herbkersman and Clemmons
Document Path: l:\council\bills\bbm\10352htc08.doc
Companion/Similar bill(s): 951

Introduced in the House on January 31, 2008
Currently residing in the House Committee on Ways and Means

Summary: Excise tax

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
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   1/31/2008  House   Introduced and read first time HJ-17
   1/31/2008  House   Referred to Committee on Ways and Means HJ-17

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

1/31/2008

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND SECTION 12-33-245, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE FIVE PERCENT EXCISE TAX ON THE SALE OF ALCOHOLIC LIQUORS FOR ON-PREMISES CONSUMPTION AND THE DISTRIBUTION OF THE REVENUES OF THE TAX, SO AS TO PROVIDE THAT THE MINIMUM DISTRIBUTION TO STATE AGENCIES, COUNTIES, AND LOCAL ENTITIES MUST BE BASED ON REVENUES RECEIVED IN FISCAL YEAR 2004-2005, RATHER THAN REVENUES ALLOCATED.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.        Section 12-33-245(C) of the 1976 Code, as last amended by Act 36 of 2007, is further amended to read:

"(C)    Those state agencies and local entities, including counties, which are allocated and receive by law received minibottle tax revenues in fiscal year 2004-2005 for education, prevention, and other purposes, shall receive in a fiscal year at least the same amount of revenues from the new excise tax revenues beginning with the first full fiscal year after sales of liquor by the drink are authorized as they did received from minibottle tax revenues during fiscal year 2004-2005. If these state agencies and local entities do not, the difference must be made up from the general fund. Payments will be distributed in four equal payments based on the total payments remitted to these state agencies and entities in fiscal year 2004-2005, including funds allocated received pursuant to Section 6-27-40(B). At the end of each fiscal year, the State Treasurer, in consultation with the Department of Revenue, shall determine whether the tax collected pursuant to these sections exceed the total collection and remittance for fiscal year 2004-2005. If the tax collected exceeds the amount collected and allocated in fiscal year 2004-2005, a distribution of the difference will be remitted to the county treasurers within thirty days after the close of each fiscal year."

SECTION    2.    This act takes effect upon approval by the Governor and first applies for excise tax revenues distributed for fiscal year 2007-2008.

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