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COMMITTEE REPORT
April 3, 2002
H. 3851
S. Printed 4/3/02--H.
Read the first time March 29, 2001.
To whom was referred a Bill (H. 3851) to amend Section 6-1-530, as amended, Code of Laws of South Carolina, 1976, relating to revenue generated by the Local Accommodations Tax, etc., respectfully
That they have duly and carefully considered the same and recommend that the same do pass with amendment:
Amend the bill, as and if amended, SECTION 1, Section 6-1-530(A)(3), line 31, after the word /access/ by inserting / approved by the accommodations tax oversight committee /
When amended Section 6-1-530(A) shall read:
/ "(A) The revenue generated by the local accommodations tax must be used exclusively for the following purposes:
(1) tourism-related buildings including, but not limited to, civic centers, coliseums, and aquariums;
(2) tourism-related cultural, recreational, or historic facilities;
(3) beach access, and renourishment, or other tourism-related lands and water access approved by the accommodations tax oversight committee;
(4) highways, roads, streets, and bridges providing access to tourist destinations;
(5) advertisements and promotions related to tourism development; or
(6) water and sewer infrastructure to serve tourism-related demand." /
Amend title to conform.
ROBERT W. HARRELL, JR. for Committee.
REVENUE IMPACT 1/
This bill is not expected to reduce state general fund revenue in FY 2002-03.
Explanation
This bill amends Section 6-1-530(A)(3) to allow the use of local accommodations tax revenue to be used on "other tourism-related lands and water access" projects as well. The local accommodations tax amounted to over $32 million in FY 2000-01, with Horry County accounting for over 37 percent of the total accommodations tax revenue. This bill is not expected to reduce state general fund revenue or local accommodations tax revenue in FY 2002-03, but it would allow for a redistribution of the local accommodations tax revenue among the approved purposes for which the funds are to be used.
Approved By:
William C. Gillespie
Board of Economic Advisors
1/ This statement meets the requirement of Section 2-7-71 for a state revenue impact, Section 2-7-76 for a local revenue impact, and Section 6-1-85(B) for an estimate of the shift in local property tax incidence.
TO AMEND SECTION 6-1-530, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO REVENUE GENERATED BY THE LOCAL ACCOMMODATIONS TAX, SO AS TO ALSO REQUIRE THEIR USE FOR OTHER TOURISM-RELATED LANDS AND WATER ACCESS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 6-1-530(A) of the 1976 Code, as last amended by Act 93 of 1999, is further amended to read:
"(A) The revenue generated by the local accommodations tax must be used exclusively for the following purposes:
(1) tourism-related buildings including, but not limited to, civic centers, coliseums, and aquariums;
(2) tourism-related cultural, recreational, or historic facilities;
(3) beach access, and renourishment, or other tourism-related lands and water access;
(4) highways, roads, streets, and bridges providing access to tourist destinations;
(5) advertisements and promotions related to tourism development; or
(6) water and sewer infrastructure to serve tourism-related demand."
SECTION 2. This act takes effect upon approval by the Governor.
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