South Carolina General Assembly
120th Session, 2013-2014

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Indicates Matter Stricken
Indicates New Matter

S. 210

STATUS INFORMATION

General Bill
Sponsors: Senators S. Martin, Peeler, Bryant and Bright
Document Path: l:\council\bills\nl\13076dg13.docx

Introduced in the Senate on January 10, 2013
Currently residing in the Senate Committee on Finance

Summary: Sales tax revenue

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
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   1/10/2013  Senate  Introduced and read first time (Senate Journal-page 3)
   1/10/2013  Senate  Referred to Committee on Finance (Senate Journal-page 3)

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

1/10/2013

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

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-36-2625 SO AS TO PROVIDE THAT THE SALES TAX REVENUE GENERATED FROM THE SALE OF A MOTOR VEHICLE OR THE EXECUTION OF A LEASE FOR A MOTOR VEHICLE, MUST BE CREDITED TO THE STATE HIGHWAY FUND FOR MAINTENANCE OF EXISTING ROADS AND ADDITIONAL CAPACITY ON EXISTING ROADS.

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

SECTION    1.    Article 25, Chapter 36, Title 12 of the 1976 Code is amended by adding:

"Section 12-36-2625.    Notwithstanding any other provision of law, sales tax revenue generated from the sale of a motor vehicle or the execution of a lease for a motor vehicle, pursuant to Section 12-36-910, and capped pursuant to Section 12-36-2110, must be credited to the State Highway Fund. The revenues may not be used for administrative costs, and only may be used for maintenance of existing roads and additional capacity on existing roads. The sales tax revenue generated from the sale of a motor vehicle or the execution of a lease for a motor vehicle is included within the 'sources of revenue' that may be pledged to secure highway bonds pursuant to Section 13(6)(a), Article X of the Constitution of this State."

SECTION    2.    This act takes effect July 1, 2013.

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This web page was last updated on Thursday, February 28, 2013 at 3:50 P.M.