South Carolina General Assembly
116th Session, 2005-2006

H. 4810
General Appropriations Bill for fiscal year 2006-2007
As Introduced by the House Ways and Means Committee

PAGE 338
SECTION 71
ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION,
EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES
FISCAL YEAR 2006-2007
 
        Board of Ways & Means
Appropriation Economic Advisors Committee
Act Estimate Estimate
Estimate FY 2006-2007 FY 2006-2007
FY 2005-06 November 10, 2005 March 8, 2006
-------------------- -------------------- --------------------
REGULAR SOURCES:
  Retail Sales Tax 2,396,065,472 2,553,918,233 2,553,918,233
Income Tax (Total) 2,301,695,197 2,613,129,119 2,693,026,576
Individual 2,158,416,916 2,425,360,029 2,504,343,705
Corporation 143,278,281 187,769,090 188,682,871
  -------------------- -------------------- --------------------
 
Total Income and Sales Tax 4,697,760,669 5,167,047,352 5,246,944,809
  -------------------- -------------------- --------------------
All Other Revenue
Admissions Tax 25,043,294 26,414,809 26,414,809
Aircraft Tax 4,819,500 5,367,808 5,367,808
Alcoholic Liquor Tax 54,578,921 58,014,404 58,014,404
Bank Tax 19,046,068 30,277,979 30,277,979
Beer and Wine Tax 98,493,195 98,965,589 98,965,589
Business License Tax 29,920,720 29,491,785 29,491,785
Coin-Operated Device Tax 2,066,569 1,900,000 1,900,000
Corporation License Tax 78,048,198 80,424,232 80,424,232
Departmental Revenue 55,467,697 44,467,697 44,434,256
Documentary Tax 45,442,126 58,212,826 58,212,826
Earned on Investments 25,000,000 51,000,000 56,600,000
Electric Power Tax 26,891,673 13,253,187 13,253,187
Estate Tax 2,857,393
Insurance Tax 141,865,927 159,207,805 159,207,805
Motor Transport Fees 7,500 18,000 18,000
Motor Vehicle Licenses 56,758,315 18,239,812 18,239,812
Petroleum Inspection Tax 8,497,934 2,495,893 2,495,893
Private Car Lines Tax 2,789,884 2,481,691 2,481,691
Public Service Authority 12,577,752 14,170,211 14,170,211
Retailers' License Tax 960,855 946,564 946,564
Savings & Loan Association Tax 3,879,114 2,978,651 2,978,651
Workers' Compensation Insurance Tax 14,156,410 15,644,989 15,644,989
  -------------------- -------------------- --------------------
 
Total All Other Revenue 709,169,045 713,973,932 719,540,491
  -------------------- -------------------- --------------------
 
Total Regular Sources 5,406,929,714 5,881,021,284 5,966,485,300


PAGE 339
SECTION 71
ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION,
EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES
FISCAL YEAR 2006-2007
 
        Board of Ways & Means
Appropriation Economic Advisors Committee
Act Estimate Estimate
Estimate FY 2006-2007 FY 2006-2007
FY 2005-06 November 10, 2005 March 8, 2006
-------------------- -------------------- --------------------
MISCELLANEOUS SOURCES:
Circuit & Family Court Fines 9,910,522 9,912,290 9,912,290
Debt Service Reimbursement 2,670,774 1,953,928 1,953,928
Indirect Cost Recoveries 22,893,411 18,052,819 18,052,819
Mental Health Fees 3,800,000 3,800,000 3,600,000
Parole & Probation Supervision Fees 3,392,423 3,392,808 3,392,808
Unclaimed Property Fund Transfer 10,000,000 10,000,000 10,000,000
Non-Recurring Revenue 157,791,216 4,000,000
  -------------------- -------------------- --------------------
 
Total Miscellaneous Sources 210,458,346 47,111,845 50,911,845
  -------------------- -------------------- --------------------
 
Other Sources:
Balances Available from the Prior Year:
BEA Certified FY 2005-06 Year-End Surplus 16,993,752
Excess Debt Service Appropriation FY 2005-06 3,507,254
 
Total Other Sources 20,501,006
 
Total Regular and Miscellaneous Revenue 5,617,388,060 5,928,133,129 6,037,898,151
 
Less: Transfer to General Reserve Fund (14,243,425)
 
Total General Fund Revenue 5,617,388,060 5,928,133,129 6,023,654,726
 
Department of Transportation Revenue 1,202,303,484 1,285,539,533 1,285,539,533
 
Education Improvement Act 625,948,389 640,199,558 653,416,646
 
Education Lottery Revenue 289,000,000 248,300,000 276,300,000
 
Revenue Earmarked for Tax Relief Trust Funds 506,280,919 504,644,634 504,644,634
  -------------------- -------------------- --------------------
 
Total All Sources of Revenues 8,240,920,852 8,606,816,854 8,743,555,539
  -------------------- -------------------- --------------------

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