South Carolina General Assembly
120th Session, 2013-2014

H. 3710
General Appropriations Bill for fiscal year 2013-2014
As Reported by the Senate Finance Committee

PAGE 331
SECTION 116
ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION,
EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES
FISCAL YEAR 2013-14
 
        House of Senate
Appropriation Representatives Finance Committee
Act Estimate Estimate
Estimate FY 2013-2014 FY 2013-2014
FY 2012-13 March 13, 2013 May 3, 2013
-------------------- -------------------- --------------------
REGULAR SOURCES:
  Retail Sales Tax 2,466,430,613 2,471,994,843 2,472,635,319
Income Tax (Total) 2,922,568,738 3,098,504,273 3,096,094,669
Individual 2,732,202,909 2,850,270,376 2,847,860,772
Corporation 190,365,829 248,233,897 248,233,897
  -------------------- -------------------- --------------------
 
Total Income and Sales Tax 5,388,999,351 5,570,499,116 5,568,729,988
  -------------------- -------------------- --------------------
All Other Revenue
Admissions Tax 27,803,724 30,195,334 30,195,334
Aircraft Tax 4,014,377 4,283,730 4,283,730
Alcoholic Liquor Tax 62,138,620 64,272,201 64,272,201
Bank Tax 16,639,978 29,448,498 29,448,498
Beer and Wine Tax 105,547,794 104,716,438 104,716,438
Business License Tax 23,811,376 25,725,172 25,725,172
Coin-Operated Device Tax 1,746,052 1,477,874 1,477,874
Corporation License Tax 94,479,543 112,978,118 112,978,118
Departmental Revenue 36,590,056 36,468,056 36,590,056
Documentary Tax 22,571,698 27,777,647 27,777,647
Earned on Investments 29,000,000 22,000,000 22,000,000
Estate & Gift Tax 5,000 - -
Insurance Tax 196,999,264 188,366,540 188,366,540
Motor Transport Fees 5,000 - -
Motor Vehicle Licenses 15,980,088 10,202,066 10,202,066
Private Car Lines Tax 4,092,317 3,959,619 3,959,619
Public Service Authority 19,792,150 21,000,000 21,000,000
Retailers' License Tax 966,428 909,350 909,350
Savings & Loan Association Tax 1,811,348 1,384,043 1,384,043
Workers' Compensation Insurance Tax 12,025,746 10,651,975 10,651,975
  -------------------- -------------------- --------------------
 
Total All Other Revenue 676,020,559 695,816,661 695,938,661
  -------------------- -------------------- --------------------
 
Total Regular Sources 6,065,019,910 6,266,315,777 6,264,668,649


PAGE 332
SECTION 116
ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION,
EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES
FISCAL YEAR 2013-14
 
        House of Senate
Appropriation Representatives Finance Committee
Act Estimate Estimate
Estimate FY 2013-2014 FY 2013-2014
FY 2012-13 March 13, 2013 May 3, 2013
-------------------- -------------------- --------------------
MISCELLANEOUS SOURCES:
  Circuit & Family Court Fines 9,951,395 9,527,928 9,527,928
Debt Service Reimbursement 112,780 89,557 89,557
Indirect Cost Recoveries 11,061,222 11,061,222 11,061,222
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 39,518,205 39,071,515 39,071,515
  -------------------- -------------------- --------------------
 
Total Regular and Miscellaneous Revenue 6,104,538,115 6,305,387,292 6,303,740,164
 
Other Sources:
Nonrecurring Operating Transfers (16,563,407) 585,022 37,372,707
FY 2012-2013 BEA Estimated Surplus     34,625,547
  -------------------- -------------------- --------------------
 
General Fund Revenue 6,087,974,708 6,305,972,314 6,375,738,418
 
Less:
Transfer to General Reserve Fund - (11,248,376) (11,248,376)
  -------------------- -------------------- --------------------
 
Total General Fund Revenue (Net of
Transfer to General Reserve Fund) 6,087,974,708 6,294,723,938 6,364,490,042
 
Department of Transportation Revenue 1,401,707,396 1,531,979,884 1,531,979,884
 
Education Improvement Act
Recurring 616,797,653 628,463,711 628,623,830
Nonrecurring 27,719,814 8,000,000 8,000,000
  -------------------- -------------------- --------------------
Total Education Improvement Act 644,517,467 636,463,711 636,623,830
 
Education Lottery Revenue 284,735,117 262,640,000 280,640,000
 
Revenue Earmarked for Tax Relief
Trust Funds 549,161,002 544,213,970 544,213,970
  -------------------- -------------------- --------------------
 
Total All Sources of Revenues 8,968,095,690 9,270,021,503 9,357,947,726
  -------------------- -------------------- --------------------

This web page was last updated on Tuesday, May 7, 2013 at 5:00 P.M.