Reference is to Printer's Date 4/14/15-H.
Amend the bill, as and if amended, by striking SECTION 19 and inserting:
/ SECTION 19. Section 12-36-2647 of the 1976 Code, as added by Act 98 of 2013, is amended to read:
"Section 12-36-2647.
(A) Notwithstanding the
provisions of Section 59-21-1010, fifty percent
of the revenues of sales, use, and casual excise taxes
derived pursuant to Sections 12-36-2620(1) and 12-36-2640(1) on
the sale, use, or titling of a motor 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 State
Highway Fund. Revenues credited to the State
Non-Federal Aid Highway Fund State Highway Fund
pursuant to this section must be used exclusively for highway,
road, and bridge maintenance, construction, and repair,
except that sixty-one million dollars each year must be pledged
for the repayment of bonds issued for paving, resurfacing,
repairing, and maintaining interstates existing on July 1,
2015.
(B)
Notwithstanding the provisions of Section 59-21-1010,
any increase in revenue attributable to Section 12-36-2110(F)
from the sales, use, and casual excise taxes derived pursuant to
Sections 12-36-2620(2) and 12-36-2640(2) on the sale, use, or
titling of a motor 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
Highway Fund. Revenues credited to the State Highway Fund
pursuant to this section must be used exclusively for highway,
road, and bridge maintenance, construction, and
repair." /
Renumber sections to conform.
Amend title to conform.