Current Status Bill Number:4532 Type of Legislation:General Bill GB Introducing Body:House Introduced Date:19960201 Primary Sponsor:Stille All Sponsors:Stille, Kirsh, Richardson, Littlejohn, Fleming, Jaskwhich, Shissias, Canty, Chamblee, Keyserling, Witherspoon and Keegan Drafted Document Number:pfm\7864htc.96 Residing Body:House Current Committee:Ways and Means Committee 30 HWM Subject:Gasoline tax revenues
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
House 19960201 Introduced, read first time, 30 HWM
referred to Committee
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TO AMEND SECTIONS 12-28-2720 AND 12-28-2730, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DISTRIBUTION OF GASOLINE TAX REVENUES, SO AS TO PROVIDE THAT THE ONE CENT A GALLON CURRENTLY CREDITED TO THE GENERAL FUND OF THE STATE IS INSTEAD CREDITED TO THE STATE HIGHWAY FUND.
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."
SECTION 2. Section 12-28-2730(A) of the 1976 Code, as added by Act 136 of 1995, is amended to read:
"(A) One percent of the proceeds from thirteen cents of the gasoline tax only imposed pursuant to this chapter must be transmitted to the Department of Natural Resources to be placed to the credit of a special water recreational resources fund of the State Treasury, and all balances in the fund must be carried forward annually so that no part of it reverts to the general fund of the State. All of the funds must be allocated based upon the number of boats or other watercraft registered in each county pursuant to law and expended, subject to the approval of a majority of the county legislative delegation, including a majority of the resident senators, if any, for the purpose of water recreational resources. The amounts allocated must be deducted from the gross proceeds of the gasoline tax before net proceeds to be distributed are determined. This section does not reduce the one cent a gallon license tax credited to the general fund of the State pursuant to Section 12-28-2720."
SECTION 3. This act takes effect July 1, 1996.