South Carolina General Assembly
115th Session, 2003-2004

H. 4925
General Appropriations Bill for fiscal year 2004-2005
As Passed by the General Assembly

PAGE 332
SECTION 71
ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION,
EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES
FISCAL YEAR 2004-2005
 
        House of   Conference
Appropriation Representatives Senate Committee
Act Estimate Estimate Estimate
Estimate FY 2004-2005 FY 2004-2005 FY 2004-2005
FY 2003-04 March 16, 2004 May 7, 2004 May 17, 2004
--------------------- --------------------- --------------------- ---------------------
REGULAR SOURCES:
  Retail Sales Tax
2,169,549,590 2,157,835,591 2,157,835,591 2,249,617,591
Income Tax (Total)
2,071,856,882 2,087,123,702 2,087,123,702 2,099,579,574
Individual
1,964,484,931 1,964,175,152 1,964,175,152 1,979,363,905
Corporation
107,371,951 122,948,550 122,948,550 120,215,669
  --------------------- --------------------- --------------------- ---------------------
 
Total Income and Sales Tax
4,241,406,472 4,244,959,293 4,244,959,293 4,349,197,165
  --------------------- --------------------- --------------------- ---------------------
All Other Revenue
Admissions Tax
35,615,885 32,320,000 32,320,000 32,320,000
Aircraft Tax
2,600,329 3,246,796 3,246,796 3,246,796
Alcoholic Liquor Tax
47,283,233 52,852,981 52,852,981 52,852,981
Bank Tax
29,552,512 19,000,000 19,000,000 19,000,000
Beer and Wine Tax
93,573,494 93,838,723 93,838,723 93,838,723
Business License Tax
28,430,232 28,611,433 28,611,433 28,611,433
Coin-Operated Device Tax
2,500,000 2,400,000 2,400,000 2,400,000
Corporation License Tax
72,417,450 62,600,000 62,600,000 62,600,000
Departmental Revenue
61,184,610 55,998,800 55,970,800 55,970,800
Documentary Tax
41,267,523 30,191,221 30,191,221 30,191,221
Earned on Investments
15,000,000 16,000,000 16,000,000 16,000,000
Electric Power Tax
24,626,860 25,365,666 25,365,666 25,365,666
Estate Tax
41,289,589 32,590,000 19,290,000 19,290,000
Insurance Tax
119,218,719 147,000,000 147,000,000 147,000,000
Motor Transport Fees
15,000 7,500 7,500 7,500
Motor Vehicle Licenses
56,101,537 60,612,419 60,612,419 60,612,419
Petroleum Inspection Tax
8,177,865 8,300,533 8,300,533 8,300,533
Private Car Lines Tax
3,793,498 3,302,400 3,302,400 3,302,400
Public Service Authority
12,344,892 10,864,701 10,864,701 10,864,701
Retailers' License Tax
900,703 936,012 936,012 936,012
Savings & Loan Association Tax
4,527,346 3,400,000 3,400,000 3,400,000
Workers' Compensation Insurance Tax
11,813,250 12,729,362 12,729,362 12,729,362
  --------------------- --------------------- --------------------- ---------------------
 
Total All Other Revenue
712,234,527 702,168,547 688,840,547 688,840,547
  --------------------- --------------------- --------------------- ---------------------
 
Total Regular Sources
4,953,640,999 4,947,127,840 4,933,799,840 5,038,037,712


PAGE 333
SECTION 71
ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION,
EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES
FISCAL YEAR 2004-2005
 
        House of   Conference
Appropriation Representatives Senate Committee
Act Estimate Estimate Estimate
Estimate FY 2004-2005 FY 2004-2005 FY 2004-2005
FY 2003-04 March 16, 2004 May 7, 2004 May 17, 2004
--------------------- --------------------- --------------------- ---------------------
MISCELLANEOUS SOURCES:
Circuit & Family Court Fines
9,897,948 10,195,651 10,195,651 10,195,651
Debt Service Reimbursement
3,750,469 3,300,000 3,300,000 3,300,000
Indirect Cost Recoveries
22,893,411 22,893,411 22,893,411 22,893,411
Mental Health Fees
3,800,000 3,800,000 3,800,000 3,800,000
Parole & Probation Supervision Fees
3,392,423 3,392,423 3,392,423 3,392,423
Unclaimed Property Fund Transfer
6,600,000 8,000,000 8,000,000 8,000,000
Non-Recurring Revenue
91,610,896 189,404,673 132,846,177
  --------------------- --------------------- --------------------- ---------------------
 
Total Miscellaneous Sources
50,334,251 143,192,381 240,986,158 184,427,662
  --------------------- --------------------- --------------------- ---------------------
 
Total General Fund Revenue
5,003,975,250 5,090,320,221 5,174,785,998 5,222,465,374
 
Department of Transportation Revenue
861,914,182 1,139,902,672 1,139,902,672 1,139,902,672
 
Education Improvement Act
543,187,398 540,058,898 540,058,898 563,045,198
 
Education Lottery Revenue
215,003,683 340,145,570 341,167,395 341,000,000
 
Revenue Earmarked for Tax Relief Trust Funds
490,801,000 505,158,783 505,158,783 505,158,783
  --------------------- --------------------- --------------------- ---------------------
 
Total All Sources of Revenues
7,114,881,513 7,615,586,144 7,701,073,746 7,771,572,027
  --------------------- --------------------- --------------------- ---------------------


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