SC H3414 | 2009-2010 | 118th General Assembly
Status
Spectrum: Partisan Bill (Republican 42-1)
Status: Introduced on February 3 2009 - 25% progression, died in committee
Action: 2009-02-03 - Referred to Committee on Ways and Means HJ-9
Pending: House Ways and Means Committee
Status: Introduced on February 3 2009 - 25% progression, died in committee
Action: 2009-02-03 - Referred to Committee on Ways and Means HJ-9
Pending: House Ways and Means Committee
Summary
A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-36-2647 SO AS TO PROVIDE THAT THE SALES, USE, AND CASUAL EXCISE TAX REVENUES IN A FISCAL YEAR FROM THE SALE, USE, OR TITLING OF A VEHICLE REQUIRED TO BE REGISTERED AND LICENSED BY THE SOUTH CAROLINA DEPARTMENT OF MOTOR VEHICLES MUST BE CREDITED TO THE STATE NON-FEDERAL AID HIGHWAY FUND WITH AN OFFSETTING TRANSFER OF ONE-HALF OF THIS AMOUNT FROM NONSTATE TAX REVENUES IN THE STATE NON-FEDERAL AID HIGHWAY FUND TO THE STATE HIGHWAY ACCOUNT OF THE SOUTH CAROLINA TRANSPORTATION INFRASTRUCTURE BANK, TO PHASE IN THIS DISTRIBUTION IN CUMULATIVE INCREMENTS OF THIRTY MILLION DOLLARS BEGINNING IN FISCAL YEAR 2010-2011, AND TO PROVIDE FOR THE USE OF THESE REVENUES.
Title
Provide That The Sales, Use, And Casual Excise Tax Revenues In A Fiscal Year From The Sale, Use, Or Titling Of A Vehicle Required To Be Registered And Licensed By The South Carolina Department Of Motor Vehicles Must Be Credited To The State Non-federal Aid Highway Fund With An Offsetting Transfer Of One-half Of This Amount From Nonstate Tax Revenues In The State Non-federal Aid Highway Fund To The State Highway Account Of The South Carolina Transportation Infrastructure Bank, To Phase In This Distribution In Cumulative Increments Of Thirty Million Dollars Beginning In Fiscal Year 2010-2011, And To Provide For The Use Of These Revenues.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2009-02-03 | Referred to Committee on Ways and Means HJ-9 | |
| 2009-02-03 | Introduced and read first time HJ-8 |
Same As/Similar To
S0101 (Similar To) 2009-01-13 - Referred to Committee on Finance SJ-117
S0238 (Similar To) 2009-01-14 - Referred to Subcommittee: O'Dell (ch), Peeler, Reese, Fair, Elliott
S0238 (Similar To) 2009-01-14 - Referred to Subcommittee: O'Dell (ch), Peeler, Reese, Fair, Elliott
Code Citations
South Carolina State Sources
| Type | Source |
|---|---|
| Summary | https://www.scstatehouse.gov/cgi-bin/web_bh10.exe?bill1=3414&session=118 |
