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TO AMEND SECTION 6-1-730, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE USES ALLOWED FOR LOCAL HOSPITALITY TAX REVENUES, SO AS TO ALLOW THE GOVERNING BODY OF A MUNICIPALITY AND A COUNTY BY ORDINANCE TO USE NOT MORE THAN ONE-HALF OF THE REVENUES OF THE LOCAL HOSPITALITY TAX IMPOSED BY THE COUNTY AND MUNICIPALITY FOR TRANSPORTATION NEEDS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 6-1-730 of the 1976 Code, as last amended by Act 290 of 2010, is further amended by adding a new subsection at the end to read:
"(C) Notwithstanding the limit on uses allowed for the revenues of the hospitality tax imposed pursuant to this article, the governing body of a municipality and a county by ordinance may provide that not more than fifty percent of the revenues of the local hospitality tax imposed by the municipality and the county may be used for transportation needs."
SECTION 2. This act takes effect upon approval by the Governor.
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