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TO AMEND SECTION 12-36-2691, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO SALES TAX NEXUS FOR CERTAIN DISTRIBUTION FACILITIES, SO AS TO PROVIDE THAT UPON THE INAPPLICABILITY OF THIS SECTION, ANY SALES TAX REVENUE RESULTING FROM THE INAPPLICABILITY MUST BE CREDITED TO THE STATE HIGHWAY FUND TO BE USED EXCLUSIVELY FOR ROAD AND BRIDGE IMPROVEMENT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-36-2691 of the 1976 Code is amended by adding an appropriately lettered subsection at the end to read:
"( ) Notwithstanding any other provision of law, effective upon the inapplicability of this section pursuant to subsection (D), any sales tax revenue resulting from the inapplicability must be credited to the State Highway Fund to be used exclusively for road and bridge improvement."
SECTION 2. This act takes effect upon approval by the Governor.
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