South Carolina House Bill 4478 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 10 2012 - 25% progression, died in committee
Action: 2012-01-10 - Referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]

Provide That The Limit On General Fund Appropriations For A Fiscal Year Is The Total Amount Of The General Fund Revenue Estimate As Of February Fifteenth For Fiscal Year 2011-2012, Increased Annually And Cumulatively By The Lesser Of Six Percent Or A Percentage Determined By Population Increases And Increases In The Consumer Price Index, And Reductions For Nonrecurring Revenues, To Provide For The Limitation To Be Suspended For A Fiscal Year For A Specific Amount Upon A Special Vote Of The General Assembly And To Define This Special Vote, To Establish The Income Tax Rebate Fund, To Which All Surplus General Fund Revenues Must Be Credited, To Provide For The Priority Uses Of The Revenues Of This Fund, Including An Income Tax Rebate To Taxpayers, And To Require That Appropriation Of Revenues Of This Fund Must Be By A Joint Resolution Originating In The House Of Representatives.

Limit on General Fund Appropriations

Rep. Thad Viers [R]

Date	Chamber	Action
2012-01-10		Referred to Committee on Ways and Means
2012-01-10		Introduced and read first time
2011-11-29		Referred to Committee on Ways and Means
2011-11-29		Prefiled

Chapter	Article	Section	Citation Type	Statute Text
11	11	415	(n/a)	See Bill Text

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=4478&session=119&summary=B
Text	https://www.scstatehouse.gov/sess119_2011-2012/prever/4478_20111129.htm