South Carolina General Assembly
118th Session, 2009-2010

H. 3560
General Appropriations Bill for fiscal year 2009-2010
As Introduced by the House Ways and Means Committee

PAGE 321
SECTION 88
ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION,
EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES
FISCAL YEAR 2009-2010
 
        Board of Ways & Means
Appropriation Economic Advisors Committee
Act Estimate Estimate
Estimate FY 2009-2010 FY 2009-2010
FY 2008-09 December 10, 2008 February 19, 2009
-------------------- -------------------- --------------------
REGULAR SOURCES:
  Retail Sales Tax 2,698,853,250 2,314,353,185 2,224,353,185
Income Tax (Total) 3,218,558,076 2,723,287,556 2,629,958,510
Individual 2,969,672,332 2,594,657,280 2,501,032,143
Corporation 248,885,744 128,630,276 128,926,367
  -------------------- -------------------- --------------------
 
Total Income and Sales Tax 5,917,411,326 5,037,640,741 4,854,311,695
  -------------------- -------------------- --------------------
All Other Revenue
Admissions Tax 27,466,616 27,466,616 27,466,616
Aircraft Tax 5,115,477 5,115,477 5,115,477
Alcoholic Liquor Tax 56,237,031 57,361,772 57,361,772
Bank Tax 24,425,001 7,425,001 7,425,001
Beer and Wine Tax 104,825,325 107,385,376 107,385,376
Business License Tax 33,670,954 29,670,954 28,000,000
Coin-Operated Device Tax 1,284,316 1,517,694 1,517,694
Corporation License Tax 73,918,514 92,132,150 92,132,150
Departmental Revenue 43,992,056 43,992,056 43,992,056
Documentary Tax 57,870,466 28,474,586 37,966,115
Earned on Investments 93,000,000 72,000,000 67,000,000
Insurance Tax 176,494,186 173,600,092 173,600,092
Motor Transport Fees 20,000 10,000 10,000
Motor Vehicle Licenses 15,350,886 15,657,903 15,657,903
Private Car Lines Tax 4,034,169 4,034,169 4,034,169
Public Service Authority 16,340,234 16,340,234 16,340,234
Retailers' License Tax 883,722 883,722 883,722
Savings & Loan Association Tax 4,002,478 2,002,478 2,002,478
Workers' Compensation Insurance Tax 14,655,680 14,655,680 14,655,680
  -------------------- -------------------- --------------------
 
Total All Other Revenue 753,587,111 699,725,960 702,546,535
  -------------------- -------------------- --------------------
 
Total Regular Sources 6,670,998,437 5,737,366,701 5,556,858,230


PAGE 322
SECTION 88
ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION,
EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES
FISCAL YEAR 2009-2010
 
        Board of Ways & Means
Appropriation Economic Advisors Committee
Act Estimate Estimate
Estimate FY 2009-2010 FY 2009-2010
FY 2008-09 December 10, 2008 February 19, 2009
-------------------- -------------------- --------------------
MISCELLANEOUS SOURCES:
  Circuit & Family Court Fines 10,664,363 10,664,363 10,664,363
Debt Service Reimbursement 1,722,838 188,108 188,108
Indirect Cost Recoveries 16,679,391 16,679,391 16,679,391
Mental Health Fees 3,200,000 3,200,000 3,200,000
Parole & Probation Supervision Fees 3,392,808 3,392,808 3,392,808
Unclaimed Property Fund Transfer 12,000,000 12,000,000 12,000,000
  -------------------- -------------------- --------------------
 
Total Miscellaneous Sources 47,659,400 46,124,670 46,124,670
  -------------------- -------------------- --------------------
 
Total Regular and Miscellaneous Revenue 6,718,657,837 5,783,491,371 5,602,982,900
 
Other Sources:
Operating Transfer 30,400,000 200,000,000
  -------------------- -------------------- --------------------
 
Total Other Sources 30,400,000 200,000,000
 
Less:
Transfer to General Reserve Fund (12,974,290) (63,923,944) (63,923,944)
 
Total General Fund Revenue 6,736,083,547 5,719,567,427 5,739,058,956
 
Department of Transportation Revenue 1,051,099,010 1,046,030,421 1,046,030,421
 
Education Improvement Act 644,714,375 563,394,107 540,044,107
 
Education Lottery Revenue 260,722,729 252,400,000 255,000,000
 
Revenue Earmarked for Tax Relief Trust Funds 527,704,278 541,068,497 541,068,497
  -------------------- -------------------- --------------------
 
Total All Sources of Revenues 9,220,323,939 8,122,460,452 8,121,201,981
  -------------------- -------------------- --------------------

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