Current Status Introducing Body:Senate Bill Number:669 Primary Sponsor:Land Committee Number:06 Type of Legislation:GB Subject:Sales and use tax Residing Body:Senate Current Committee:Finance Computer Document Number:JIC/5712HC.93 Introduced Date:19930413 Last History Body:Senate Last History Date:19930413 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Land Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved
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669 Senate 19930413 Introduced, read first time, 06
referred to Committee
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TO AMEND SECTION 4-10-50, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DISTRIBUTIONS FROM THE LOCAL SALES AND USE TAX COUNTY/MUNICIPAL REVENUE FUND, SO AS TO PROVIDE THAT ALL REVENUE FROM THE FUND MUST BE DISTRIBUTED TO COUNTIES AND MUNICIPALITIES BASED ON POPULATION RATHER THAN IN EQUAL PROPORTIONS BASED ON LOCATION OF SALES AND POPULATION.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 4-10-50(A) of the 1976 Code is amended to read:
"(A) The revenue generated in a county area and set aside and allocated to the County/Municipal Revenue Fund must be distributed to the county and the municipalities in the county area as follows:
(1) fifty percent based upon the location of the sale,
(2) fifty percent based on population."
SECTION 2. This act takes effect July 1, 1993.