South Carolina General Assembly
115th Session, 2003-2004

H. 4925
General Appropriations Bill for fiscal year 2004-2005
As Introduced by the House Ways and Means Committee

South Carolina General Assembly
115th Session, 2003-2004
General Appropriations Bill H. 4925 for the fiscal year beginning July 1, 2004

PAGE 330
SECTION 71
ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION,
EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES
FISCAL YEAR 2004-2005
 
        Board of Ways & Means
Appropriation Economic Advisors Committee
Act Estimate Estimate
Estimate FY 2004-2005 FY 2004-2005
FY 2003-04 November 5, 2003 February 18, 2004
--------------------- --------------------- ---------------------
REGULAR SOURCES:
  Retail Sales Tax 2,169,549,590 2,157,998,791 2,157,835,591
Income Tax (Total) 2,071,856,882 2,087,123,702 2,087,123,702
Individual 1,964,484,931 1,964,175,152 1,964,175,152
Corporation 107,371,951 122,948,550 122,948,550
  --------------------- --------------------- ---------------------
 
Total Income and Sales Tax 4,241,406,472 4,245,122,493 4,244,959,293
  --------------------- --------------------- ---------------------
All Other Revenue
Admissions Tax 35,615,885 32,320,000 32,320,000
Aircraft Tax 2,600,329 3,246,796 3,246,796
Alcoholic Liquor Tax 47,283,233 52,852,981 52,852,981
Bank Tax 29,552,512 19,000,000 19,000,000
Beer and Wine Tax 93,573,494 93,838,723 93,838,723
Business License Tax 28,430,232 28,611,433 28,611,433
Coin-Operated Device Tax 2,500,000 2,400,000 2,400,000
Corporation License Tax 72,417,450 64,000,000 62,600,000
Departmental Revenue 61,184,610 56,000,000 55,992,652
Documentary Tax 41,267,523 30,191,221 30,191,221
Earned on Investments 15,000,000 16,000,000 16,000,000
Electric Power Tax 24,626,860 25,365,666 25,365,666
Estate Tax 41,289,589 19,290,000 32,590,000
Insurance Tax 119,218,719 147,000,000 147,000,000
Motor Transport Fees 15,000 7,500 7,500
Motor Vehicle Licenses 56,101,537 60,612,419 60,612,419
Petroleum Inspection Tax 8,177,865 8,300,533 8,300,533
Private Car Lines Tax 3,793,498 3,302,400 3,302,400
Public Service Authority 12,344,892 10,864,701 10,864,701
Retailers' License Tax 900,703 936,012 936,012
Savings & Loan Association Tax 4,527,346 3,400,000 3,400,000
Workers' Compensation Insurance Tax 11,813,250 12,729,362 12,729,362
  --------------------- --------------------- ---------------------
 
Total All Other Revenue 712,234,527 690,269,747 702,162,399
  --------------------- --------------------- ---------------------
 
Total Regular Sources 4,953,640,999 4,935,392,240 4,947,121,692


PAGE 331
SECTION 71
ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION,
EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES
FISCAL YEAR 2004-2005
 
        Board of Ways & Means
Appropriation Economic Advisors Committee
Act Estimate Estimate
Estimate FY 2004-2005 FY 2004-2005
FY 2003-04 November 5, 2003 February 18, 2004
--------------------- --------------------- ---------------------
MISCELLANEOUS SOURCES:
Circuit & Family Court Fines 9,897,948 10,195,651 10,195,651
Debt Service Reimbursement 3,750,469 3,300,000 3,300,000
Indirect Cost Recoveries 22,893,411 22,893,411 22,893,411
Mental Health Fees 3,800,000 3,800,000 3,800,000
Parole & Probation Supervision Fees 3,392,423 3,392,423 3,392,423
Unclaimed Property Fund Transfer 6,600,000 6,600,000 8,000,000
  --------------------- ---------------------
Non-Recurring Revenue 91,610,896
  ---------------------
 
Total Miscellaneous Sources 50,334,251 50,181,485 143,192,381
  --------------------- --------------------- ---------------------
 
Total General Fund Revenue 5,003,975,250 4,985,573,725 5,090,314,073
 
Department of Transportation Revenue 861,914,182 1,139,043,412 1,139,902,672
 
Education Improvement Act 543,187,398 540,099,698 540,099,698
 
Education Lottery Revenue 215,003,683 213,000,000 329,500,000
 
Revenue Earmarked for Tax Relief Trust Funds 490,801,000 505,158,783 505,158,783
  --------------------- --------------------- ---------------------
 
Total All Sources of Revenues 7,114,881,513 7,382,875,618 7,604,975,226
  --------------------- --------------------- ---------------------


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