Current Status Bill Number:1158 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19960221 Primary Sponsor:Elliott All Sponsors:Elliott Drafted Document Number:jic\5255htc.96 Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:Gasoline tax revenues, distribution and crediting of
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
Senate 19960221 Introduced, read first time, 06 SF
referred to Committee
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TO AMEND SECTION 12-28-2720, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DISTRIBUTION OF THE REVENUES OF THE 10.34 CENTS A GALLON TAX ON GASOLINE, SO AS TO PROVIDE FOR THE CREDITING OF THE TOTAL AMOUNT OF THE TAX TO THE STATE HIGHWAY FUND AND TO DEDICATE THE ADDITIONAL ONE CENT TO NEW ROAD AND HIGHWAY CONSTRUCTION.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-28-2720 of the 1976 Code, as added by Act 136 of 1995, is amended to read:
"Section 12-28-2720. The proceeds from ten and thirty-four hundredths cents a gallon of the tax on gasoline only as levied and provided for in this chapter must be distributed as follows: nine and thirty-four hundredths cents on each gallon must be turned over to the Department of Transportation for the purpose of that department, and one cent a gallon must be deposited to the credit of the general fund of the State Highway Fund and dedicated solely to new road and highway construction."
SECTION 2. This act takes effect July 1, 1996.