Reference is to Printer's Date 3/4/15-S.
Amend the bill, as and if amended, by adding an appropriately numbered SECTION to read:
/ SECTION __. (1) Article 21, Chapter 35, Title 12 of the 1976 Code is amended by adding:
"Section 12-36-2125.
(a) Except as provided pursuant to
subsection (b) of this section, and notwithstanding the
provisions of Section 12-36-2120 and 12-36-2130 and any other
provision of law allowing an exemption from the sales or use
taxes imposed by the State pursuant to this chapter, the
exemptions from state-imposed sales and use tax allowed in such
sections do not apply after July 1, 2016.
(b)
The provisions of subsection (a) of this section do not
apply to sales and use tax exemptions allowed pursuant to
Section 12-36-2120(1), (2), (3), (9)(e) and (f), (10), (19),
(22), (25), (29), (30), (33), (34), (36), (39), (41), (42),
(44), (46), (47), (48), (57), (60), (61), (62), (63), (64),
(65)(b), (67), and (74).
(c)
The provisions of subsection (a) of this section do not
apply with respect to sales and use taxes administered by the
South Carolina Department of Revenue but which are imposed by or
on behalf of a political subdivision of this State, including a
school district.
(d)
Notwithstanding any other provision of law providing for
the crediting and use of state-imposed sales and use tax
revenues, fifty percent of such revenues attributable to the
provisions of subsection (a) of this section must be credited
the South Carolina Public Education Program Fund established in
Section 59-20-35, and fifty percent must be credited to the
State Highway Fund.
(2) This section takes
effect July 1, 2016."
/
Renumber sections to conform.
Amend title to conform.