H*4577(Rat #0267, Act #0239 of 2016)  General Bill, By White, Bales, Merrill, 
D.C. Moss, G.R. Smith and Cobb-Hunter
 AN ACT TO AMEND SECTION 55-5-280, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA,
 1976, RELATING TO THE STATE AVIATION FUND, SO AS TO PROVIDE THAT PERCENTAGES
 OF REVENUES OF CERTAIN PROPERTY TAXES LEVIED ON AIRCRAFT BY THE STATE MUST BE
 DIRECTED TO THE STATE AVIATION FUND. - ratified title

   12/10/15  House  Prefiled
   12/10/15  House  Referred to Committee on Ways and Means
   01/12/16  House  Introduced and read first time (House Journal-page 110)
   01/12/16  House  Referred to Committee on Ways and Means
                     (House Journal-page 110)
   01/13/16  House  Member(s) request name added as sponsor:
                     D.C.Moss, G.R.Smith
   02/10/16  House  Member(s) request name added as sponsor: Cobb-Hunter
   02/11/16  House  Committee report: Favorable Ways and Means
                     (House Journal-page 84)
   02/23/16  House  Read second time (House Journal-page 38)
   02/23/16  House  Roll call Yeas-103  Nays-0 (House Journal-page 38)
   02/24/16  House  Adopted, sent to Senate (House Journal-page 12)
   02/24/16  Senate Introduced and read first time (Senate Journal-page 14)
   02/24/16  Senate Referred to Committee on Finance
                     (Senate Journal-page 14)
   05/18/16  Senate Committee report: Favorable with amendment
                     Finance (Senate Journal-page 15)
   05/19/16         Scrivener's error corrected
   05/24/16  Senate Committee Amendment Adopted (Senate Journal-page 88)
   05/26/16  Senate Read second time (Senate Journal-page 23)
   05/26/16  Senate Roll call Ayes-40  Nays-0 (Senate Journal-page 23)
   06/01/16  Senate Read third time and returned to House with
                     amendments (Senate Journal-page 39)
   06/02/16  House  Concurred in Senate amendment and enrolled
                     (House Journal-page 55)
   06/02/16  House  Roll call Yeas-105  Nays-0 (House Journal-page 55)
   06/02/16         Ratified R 267
   06/05/16         Signed By Governor
   06/10/16         Effective date See Act for Effective Date
   06/13/16         Act No. 239

(A239, R267, H4577)

AN ACT TO AMEND SECTION 55-5-280, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE STATE AVIATION FUND, SO AS TO PROVIDE THAT PERCENTAGES OF REVENUES OF CERTAIN PROPERTY TAXES LEVIED ON AIRCRAFT BY THE STATE MUST BE DIRECTED TO THE STATE AVIATION FUND.

Be it enacted by the General Assembly of the State of South Carolina:

State Aviation Fund

SECTION    1.    Section 55-5-280(B) of the 1976 Code, as last amended by Act 270 of 2012, is further amended to read:

"(B)    In any fiscal year in which the tax levied by the State pursuant to Section 12-37-2410, et seq., exceeds two and one-half million dollars, the revenues in excess of two and one-half million dollars must be directed to the State Aviation Fund; however, any revenue in excess of five million dollars must be credited in equal amounts to the general fund and the State Aviation Fund."

Time effective

SECTION    2.    This act takes effect upon approval by the Governor and first applies to Fiscal Year 2016-2017.

Ratified the 2nd day of June, 2016.

Approved the 5th day of June, 2016.