South Carolina General Assembly
120th Session, 2013-2014

H. 3710
General Appropriations Bill for fiscal year 2013-2014
As Passed by the House of Representatives

PAGE 326
SECTION 116
ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION,
EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES
FISCAL YEAR 2013-14
 
        Board of House of
Appropriation Economic Advisors Representatives
Act Estimate Estimate
Estimate FY 2013-2014 FY 2013-2014
FY 2012-13 February 15, 2013 March 13, 2013
-------------------- -------------------- --------------------
REGULAR SOURCES:
  Retail Sales Tax 2,466,430,613 2,512,057,478 2,471,994,843
Income Tax (Total) 2,922,568,738 3,098,504,273 3,098,504,273
Individual 2,732,202,909 2,850,270,376 2,850,270,376
Corporation 190,365,829 248,233,897 248,233,897
  -------------------- -------------------- --------------------
 
Total Income and Sales Tax 5,388,999,351 5,610,561,751 5,570,499,116
  -------------------- -------------------- --------------------
All Other Revenue
Admissions Tax 27,803,724 30,363,806 30,195,334
Aircraft Tax 4,014,377 4,283,730 4,283,730
Alcoholic Liquor Tax 62,138,620 64,272,201 64,272,201
Bank Tax 16,639,978 29,448,498 29,448,498
Beer and Wine Tax 105,547,794 104,716,438 104,716,438
Business License Tax 23,811,376 25,725,172 25,725,172
Coin-Operated Device Tax 1,746,052 1,477,874 1,477,874
Corporation License Tax 94,479,543 112,978,118 112,978,118
Departmental Revenue 36,590,056 36,590,056 36,468,056
Documentary Tax 22,571,698 27,777,647 27,777,647
Earned on Investments 29,000,000 22,000,000 22,000,000
Estate & Gift Tax 5,000 - -
Insurance Tax 196,999,264 188,366,540 188,366,540
Motor Transport Fees 5,000 - -
Motor Vehicle Licenses 15,980,088 10,202,066 10,202,066
Private Car Lines Tax 4,092,317 3,959,619 3,959,619
Public Service Authority 19,792,150 21,000,000 21,000,000
Retailers' License Tax 966,428 909,350 909,350
Savings & Loan Association Tax 1,811,348 1,384,043 1,384,043
Workers' Compensation Insurance Tax 12,025,746 10,651,975 10,651,975
  -------------------- -------------------- --------------------
 
Total All Other Revenue 676,020,559 696,107,133 695,816,661
  -------------------- -------------------- --------------------
 
Total Regular Sources 6,065,019,910 6,306,668,884 6,266,315,777


PAGE 327
SECTION 116
ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION,
EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES
FISCAL YEAR 2013-14
 
        Board of House of
Appropriation Economic Advisors Representatives
Act Estimate Estimate
Estimate FY 2013-2014 FY 2013-2014
FY 2012-13 February 15, 2013 March 13, 2013
-------------------- -------------------- --------------------
MISCELLANEOUS SOURCES:
  Circuit & Family Court Fines 9,951,395 9,527,928 9,527,928
Debt Service Reimbursement 112,780 89,557 89,557
Indirect Cost Recoveries 11,061,222 11,061,222 11,061,222
Parole & Probation Supervision Fees 3,392,808 3,392,808 3,392,808
Unclaimed Property Fund Transfer 15,000,000 15,000,000 15,000,000
  -------------------- -------------------- --------------------
 
Total Miscellaneous Sources 39,518,205 39,071,515 39,071,515
  -------------------- -------------------- --------------------
 
Total Regular and Miscellaneous Revenue 6,104,538,115 6,345,740,399 6,305,387,292
 
Other Sources:
Nonrecurring Operating Transfers (16,563,407) - 585,022
  -------------------- -------------------- --------------------
 
General Fund Revenue 6,087,974,708 6,345,740,399 6,305,972,314
Less:
Transfer to General Reserve Fund - (11,248,376) (11,248,376)
  -------------------- -------------------- --------------------
 
Total General Fund Revenue (Net of Transfer
to General Reserve Fund 6,087,974,708 6,334,492,023 6,294,723,938
 
Department of Transportation Revenue 1,401,707,396 1,531,979,884 1,531,979,884
 
Education Improvement Act
Recurring 616,797,653 628,129,370 628,463,711
Nonrecurring 27,719,814 - 8,000,000
  -------------------- -------------------- --------------------
Total Education Improvement Act 644,517,467 628,129,370 636,463,711
  -------------------- -------------------- --------------------
 
Education Lottery Revenue 284,735,117 254,400,000 262,640,000
 
Revenue Earmarked for Tax Relief
Trust Funds 549,161,002 544,213,970 544,213,970
  -------------------- -------------------- --------------------
 
Total All Sources of Revenues 8,968,095,690 9,293,215,247 9,270,021,503
  -------------------- -------------------- --------------------

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