S 0243 General Bill, By Land and Elliott

Similar(H 3152)
 A BILL TO AMEND SECTION 12-21- 2720, AS AMENDED, CODE OF LAWS OF SOUTH
 CAROLINA, 1976, RELATING TO LICENSING FEES ON COIN-OPERATED MACHINES AND
 DEVICES, SO AS TO PROVIDE THAT THE STATE LICENSING FEES COLLECTED ON A VIDEO
 GAME WITH A FREE PLAY FEATURE MUST BE REMITTED ANNUALLY TO THE COUNTY IN WHICH
 THE LICENSED MACHINE IS LOCATED AND USED BY THE GOVERNING BODY OF THE COUNTY
 TO ROLLBACK COUNTY AD VALOREM TAXES.

   10/31/94  Senate Prefiled
   10/31/94  Senate Referred to Committee on Finance
   01/10/95  Senate Introduced and read first time SJ-83
   01/10/95  Senate Referred to Committee on Finance SJ-83

A BILL

TO AMEND SECTION 12-21-2720, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO LICENSING FEES ON COIN-OPERATED MACHINES AND DEVICES, SO AS TO PROVIDE THAT THE STATE LICENSING FEES COLLECTED ON A VIDEO GAME WITH A FREE PLAY FEATURE MUST BE REMITTED ANNUALLY TO THE COUNTY IN WHICH THE LICENSED MACHINE IS LOCATED AND USED BY THE GOVERNING BODY OF THE COUNTY TO ROLLBACK COUNTY AD VALOREM TAXES.

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

SECTION 1. Section 12-21-2720 of the 1976 Code, as last amended by Act 497 of 1994, is further amended by adding at the end:

"(F) The license tax collected by the Department of Revenue and Taxation on a machine licensed to subsection (A)(3) of this section must be remitted annually to the county in which the licensed machine is located. These funds must be used by the governing body of the county to rollback county ad valorem taxes."

SECTION 2. This act takes effect June 1, 1995.