South Carolina General Assembly
111th Session, 1995-1996

Bill 306


Indicates Matter Stricken
Indicates New Matter


                    Current Status

Bill Number:                       306
Type of Legislation:               General Bill GB
Introducing Body:                  Senate
Introduced Date:                   19950110
Primary Sponsor:                   Elliott 
All Sponsors:                      Elliott 
Drafted Document Number:           JIC\5257HTC.95
Residing Body:                     Senate
Current Committee:                 Finance Committee 06 SF
Subject:                           General tax imposition



History


Body    Date      Action Description                       Com     Leg Involved
______  ________  _______________________________________  _______ ____________

Senate  19950110  Introduced, read first time,             06 SF
                  referred to Committee

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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 2-7-100 SO AS TO REQUIRE IDENTIFICATION IN A SEPARATE SECTION OF THE ANNUAL GENERAL APPROPRIATIONS ACT ANY PORTION OF THE REVENUE ESTIMATE OF THE BOARD OF ECONOMIC ADVISORS ATTRIBUTABLE TO A GENERAL TAX INCREASE OR THE IMPOSITION OF A NEW GENERAL TAX AND TO DEFINE "GENERAL TAX".

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

SECTION 1. Article I, Chapter 7, Title 2 of the 1976 Code is amended by adding:

"Section 2-7-100. If the revenue estimate of the Board of Economic Advisors contains any additional revenue attributable to a general tax increase or the imposition of a new general tax first applicable for any part of the upcoming fiscal year, then this increase or new imposition and its projected revenue must be identified in a separate section of the annual general appropriations act. For purposes of this section, a general tax is as defined in Section 11-11-440."

SECTION 2. This act takes effect upon approval by the Governor.

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