South Carolina General Assembly
121st Session, 2015-2016

H. 3701
General Appropriations Bill for fiscal year 2015-2016
As Reported by the Conference Committee

PAGE 340  
SECTION 116
ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION,
EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES
FISCAL YEAR 2015-16
 
        House of       Conference  
  Representatives   Senate   Committee  
  Estimate   Estimate   Estimate  
  FY 2015-16   FY 2015-16   FY 2015-16  
  May 28, 2015   May 7, 2015   June 21, 2015  
  --------------------   --------------------   --------------------  
REGULAR SOURCES:
  Sales Tax   2,680,293,000   2,680,293,000   2,714,293,000  
Income Tax (Total)   3,472,104,837   3,472,104,837   3,559,104,837  
Individual   3,165,424,528   3,165,424,528   3,251,314,112  
Corporation   306,680,309   306,680,309   307,790,725  
    --------------------   --------------------   --------------------  
 
Total Income and Sales Tax   6,152,397,837   6,152,397,837   6,273,397,837  
    --------------------   --------------------   --------------------  
All Other Revenue
Admissions Tax   28,771,000   28,271,000   31,771,000  
Aircraft Tax   4,536,000   4,536,000   4,536,000  
Alcoholic Liquor Tax   72,334,000   72,334,000   72,334,000  
Bank Tax   28,170,000   28,170,000   28,170,000  
Beer and Wine Tax   106,691,000   106,691,000   106,691,000  
Business License Tax   24,869,000   24,869,000   24,869,000  
Coin-Operated Device Tax   1,069,000   1,069,000   1,069,000  
Corporation License Tax   94,916,000   94,916,000   104,916,000  
Departmental Revenue   34,386,000   34,386,000   44,386,000  
Documentary Tax   40,638,000   40,638,000   42,638,000  
Earned on Investments   19,000,000   19,000,000   19,000,000  
Insurance Tax   203,353,000   203,353,000   205,353,000  
Motor Vehicle Licenses   10,711,000   10,711,000   10,711,000  
Private Car Lines Tax   3,672,000   3,672,000   3,672,000  
Public Service Authority   22,130,000   22,130,000   22,130,000  
Retailers' License Tax   755,000   755,000   755,000  
Savings & Loan Association Tax   2,240,000   2,240,000   2,240,000  
Workers' Compensation Insurance Tax   8,354,000   8,354,000   8,354,000  
    --------------------   --------------------   --------------------  
 
Total All Other Revenue   706,595,000   706,095,000   733,595,000  
    --------------------   --------------------   --------------------  
 
Total Regular Sources   6,858,992,837   6,858,492,837   7,006,992,837  


PAGE 341  
SECTION 116
ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION,
EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES
FISCAL YEAR 2015-16
 
        House of       Conference  
  Representatives   Senate   Committee  
  Estimate   Estimate   Estimate  
  FY 2015-16   FY 2015-16   FY 2015-16  
  May 28, 2015   May 7, 2015   June 21, 2015  
  --------------------   --------------------   --------------------  
MISCELLANEOUS SOURCES:
  Circuit & Family Court Fines   8,779,000   8,779,000   8,779,000  
Debt Service Reimbursement   65,200   65,200   65,200  
Indirect Cost Recoveries   11,061,000   11,061,000   11,061,000  
Parole & Probation Supervision Fees   3,392,800   3,392,800   3,392,800  
Unclaimed Property Fund Transfer   15,000,000   15,000,000   15,000,000  
    --------------------   --------------------   --------------------  
 
Total Miscellaneous Sources   38,298,000   38,298,000   38,298,000  
    --------------------   --------------------   --------------------  
 
Other Sources:
Nonrecurring Revenue and Transfers   -   20,413,266   -  
    --------------------   --------------------   --------------------  
     
Total General Fund Revenue   6,897,290,837   6,917,204,103   7,045,290,837  
 
Department of Transportation Revenue   1,577,267,849   1,577,267,849   1,577,267,849  
 
Education Improvement Act Revenue   682,698,250   682,698,250   704,198,250  
 
Education Lottery Revenues
Lottery Income   322,925,000   315,925,000   321,925,000  
Prior Year's Projected Surplus   -   -   30,000,000  
    --------------------   --------------------   --------------------  
     
  Total Education Lottery Revenues   322,925,000   315,925,000   351,925,000  
 
Revenue Earmarked for
  Tax Relief Trust Funds   571,182,163   571,182,163   571,182,163  
    --------------------   --------------------   --------------------  
 
Total All Sources of Revenues   10,051,364,099   10,064,277,365   10,249,864,099  
    --------------------   --------------------   --------------------  

This web page was last updated on Monday, June 22, 2015 at 11:51 A.M.