South Carolina General Assembly
119th Session, 2011-2012

H. 3700
General Appropriations Bill for fiscal year 2011-2012
As Passed by the Senate

PAGE 317
SECTION 88
ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION,
EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES
FISCAL YEAR 2011-2012
 
        House of  
Appropriation Representatives Senate
Act Estimate Estimate
Estimate FY 2011-2012 FY 2011-2012
FY 2010-11 March 16, 2011 May 24, 2011
-------------------- -------------------- --------------------
REGULAR SOURCES:
  Retail Sales Tax 2,137,179,935 2,245,595,976 2,250,803,376
Income Tax (Total) 2,166,309,651 2,408,877,809 2,509,189,878
Individual 2,046,313,876 2,255,962,715 2,322,282,386
Corporation 119,995,775 152,915,094 186,907,492
  -------------------- -------------------- --------------------
 
Total Income and Sales Tax 4,303,489,586 4,654,473,785 4,759,993,254
  -------------------- -------------------- --------------------
All Other Revenue
Admissions Tax 27,466,616 28,589,479 28,731,859
Aircraft Tax 5,115,477 5,638,820 5,638,820
Alcoholic Liquor Tax 57,361,772 58,618,229 58,618,229
Bank Tax 7,425,001 16,626,567 15,984,667
Beer and Wine Tax 107,385,376 104,253,221 104,253,221
Business License Tax 28,000,000 31,763,207 29,763,207
Coin-Operated Device Tax 1,517,694 1,636,968 1,636,968
Corporation License Tax 90,339,862 83,736,574 91,736,574
Departmental Revenue 40,065,056 36,725,056 39,740,056
Documentary Tax 37,966,113 31,549,841 31,549,841
Earned on Investments 46,000,000 36,000,000 36,000,000
Estate & Gift Tax - 50,000 50,000
Insurance Tax 173,600,092 177,937,694 177,937,694
Motor Transport Fees 10,000 3,500 3,500
Motor Vehicle Licenses 15,627,286 12,861,693 12,861,693
Private Car Lines Tax 4,034,169 4,271,691 4,271,691
Public Service Authority 16,340,234 21,315,705 21,315,705
Retailers' License Tax 883,722 827,656 827,656
Savings & Loan Association Tax 2,002,478 3,630,361 3,630,361
Workers' Compensation Insurance Tax 14,655,680 13,401,914 13,401,914
  -------------------- -------------------- --------------------
 
Total All Other Revenue 675,796,628 669,438,176 677,953,656
  -------------------- -------------------- --------------------
 
Total Regular Sources 4,979,286,214 5,323,911,961 5,437,946,910


PAGE 318
SECTION 88
ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION,
EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES
FISCAL YEAR 2011-2012
 
        House of  
Appropriation Representatives Senate
Act Estimate Estimate
Estimate FY 2011-2012 FY 2011-2012
FY 2010-11 March 16, 2011 May 24, 2011
-------------------- -------------------- --------------------
MISCELLANEOUS SOURCES:
  Circuit & Family Court Fines 10,664,363 9,919,954 9,919,954
Debt Service Reimbursement 188,108 188,108 188,108
Indirect Cost Recoveries 16,731,391 16,731,391 11,061,222
Mental Health Fees 3,200,000 3,400,000 -
Parole & Probation Supervision Fees 3,392,808 3,392,808 3,392,808
Unclaimed Property Fund Transfer 15,000,000 15,000,000 15,000,000
  -------------------- -------------------- --------------------
 
Total Miscellaneous Sources 49,176,670 48,632,261 39,562,092
  -------------------- -------------------- --------------------
 
Total Regular and Miscellaneous Revenue 5,028,462,884 5,372,544,222 5,477,509,002
 
Other Sources:
Nonrecurring Operating Transfers 142,051,007 - 1,243,469
  -------------------- -------------------- --------------------
 
Total Other Sources 142,051,007 - 1,243,469
 
General Fund Revenue 5,170,513,891 5,372,544,222 5,478,752,471
Less:
    Transfer to General Reserve Fund (55,441,728) (17,141,169) (17,141,169)
 
General Fund Revenue (Net of Transfer
to General Reserve Fund) 5,115,072,163 5,355,403,053 5,461,611,302
 
Department of Transportation Revenue 1,289,487,000 1,137,353,752 1,137,353,752
 
Education Improvement Act
FY 2011-2012 (BEA Feb. 12, 2011) 522,234,107 563,498,994 563,050,844
FY 2010-2011 Estimated Surplus (BEA Feb. 12, 2011) - 33,816,085 35,066,085
  -------------------- -------------------- --------------------
Total Education Improvement Act 522,234,107 597,315,079 598,116,929
 
Education Lottery Revenue 255,716,300 266,500,000 267,233,000
 
Revenue Earmarked for Tax Relief Trust Funds 545,880,212 545,680,709 545,680,709
  -------------------- -------------------- --------------------
 
Total All Sources of Revenues 7,728,389,782 7,902,252,593 8,009,995,692
  -------------------- -------------------- --------------------

This web page was last updated on Thursday, May 26, 2011 at 11:23 A.M.