Reference is to Printer's Date 6/4/13--S.
Amend the bill, as and if amended, page 8, by adding a penultimate SECTION appropriately numbered to read:
/ SECTION __. A. The General Assembly finds that:
(1) before a motor
vehicle may be licensed and registered by the South Carolina
Department of Motor Vehicles for the privilege of using the
public highways of this State, that department either collects
or confirms the collection of any applicable sales, use, and
casual excise taxes due on the vehicle;
(2) without the required registration and licensing it is unlawful for a motor vehicle to use the public highways of this State; and
(3) the revenue of the sales, use, and casual excise tax required to be paid before a motor vehicle may be registered and licensed in this State 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.
B. Article 25, Chapter 36, Title 12 of the 1976 Code is amended by adding:
"Section 12-36-2647. Notwithstanding the provisions of Section 59-21-1010, for fiscal years 2013-2014, fifty percent and thereafter one hundred percent of the components of the revenues of sales, use, and casual excise taxes derived pursuant to Sections 12-36-2620(1), 12-36-2630(1), and 12-36-2640(1) on the sale, use, or titling of a vehicle required to be licensed and registered by the South Carolina Department of Motor Vehicles, otherwise required to be credited as provided pursuant to Section 59-21-1010, instead must be credited to the State Non-Federal Aid Highway Fund established pursuant to Section 57-11-20. Revenues credited to the State Non-Federal Aid Highway Fund pursuant to this section must be used exclusively for highway, road, and bridge maintenance, construction, and repair."
C. Notwithstanding any other effective date provided in this act, this section takes effect July 1, 2013. /
Renumber sections to conform.
Amend title to conform.