Current Status Introducing Body:House Bill Number:3742 Primary Sponsor:McTeer Committee Number:30 Type of Legislation:GB Subject:Local option sales tax, distribution Residing Body:House Current Committee:Ways and Means Date Tabled:Apr 23, 1991 Computer Document Number:JIC/5501.HC Introduced Date:Mar 28, 1991 Last History Body:House Last History Date:Apr 23, 1991 Last History Type:Tabled in Committee Scope of Legislation:Statewide All Sponsors:McTeer Type of Legislation:General Bill
Bill Body Date Action Description CMN
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3742 House Apr 23, 1991 Tabled in Committee 30
3742 House Mar 28, 1991 Introduced, read first time, 30
referred to Committee
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TO AMEND SECTION 4-10-60, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO MINIMUM DISTRIBUTIONS FOR PURPOSES OF THE LOCAL OPTION SALES TAX, SO AS TO PROVIDE THAT REVENUE OF THOSE COUNTY AREAS COLLECTING MORE THAN FIVE MILLION DOLLARS USED TO SUPPLEMENT THE REVENUES OF COUNTY AREAS COLLECTING LESS THAN TWO MILLION DOLLARS MUST BE TOTALLY DISTRIBUTED IN THE MANNER PROVIDED IN THIS SECTION UP TO THE AMOUNT OF THE MINIMUM DISTRIBUTION.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 4-10-60 of the 1976 Code, as added by Act 317 of 1990, is amended by adding:
"(E) Notwithstanding any other provision of this section, revenue of those county areas collecting more than five million dollars to be used to supplement those county areas collecting less than two million dollars as provided in this section, must be totally distributed in the manner as provided in this section, except that no county area may exceed the minimal distribution as required by law."
SECTION 2. This act takes effect July 1, 1991.