Current Status Bill Number:1394 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19960424 Primary Sponsor:Elliott All Sponsors:Elliott Drafted Document Number:bbm\10793htc.96 Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:Gasoline tax, additional; used for highway construction
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
Senate 19960424 Introduced, read first time, 06 SF
referred to Committee
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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-28-315 SO AS TO IMPOSE A FIVE CENTS A GALLON ADDITIONAL TAX ON GASOLINE AND TO PROVIDE FOR THE USE OF THE ADDITIONAL REVENUE FOR NEW HIGHWAY CONSTRUCTION.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 3, Chapter 28, Title 12 of the 1976 Code is amended by adding:
"Section 12-28-315. In addition to the tax imposed pursuant to Section 12-28-310 on gasoline, a tax equal to five cents a gallon is imposed which is considered for all purposes part of the tax imposed pursuant to this chapter except that the entire revenue of this additional tax must be credited to a fund separate and apart from the State Highway Fund styled the New Highway Construction Trust Fund. Revenues credited to this fund may be used only for new highway construction."
SECTION 2. This act takes effect July 1, 1996.