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COMMITTEE REPORT
February 19, 2002
S. 937
Introduced by Senators Leatherman, Short, Setzler, Alexander and Drummond
S. Printed 2/19/02--S. [SEC 2/21/02 9:09 AM]
Read the first time January 29, 2002.
To whom was referred a Bill (S. 937) to amend the Code of Laws of South Carolina, 1976, by adding Chapter 41, Title 2, relating to the Tax Study Commission, so as to create a joint committee, 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, in Section 2-41-10 as contained in SECTION 1, lines 27 through 31 by striking:
/ six members, three appointed by the Chairman of the Senate Finance Committee from the membership of the Senate, who shall serve ex officio, and three appointed by the Chairman of the House Ways and Means Committee from the membership of the House, who shall serve ex officio / and inserting:
/ nine members, three appointed by the Chairman of the Senate Finance Committee from the membership of the Senate, who shall serve ex officio with full voting powers, three appointed by the Chairman of the House Ways and Means Committee from the membership of the House, who shall serve ex officio with full voting powers, and three members appointed by the Governor from the business community with full voting powers who are not present members of the General Assembly, one of whom must be a licensed certified public accountant. The terms of those committee members appointed by the Governor shall expire with the term of the appointing Governor. The chairman of the committee must be chosen from among those members who are appointed by either the Chairman of the Senate Finance Committee or the Chairman of the House Ways and Means Committee. /
Amend the bill further, as and if amended, in Section 2-41-70 as contained in SECTION 1, page 2, line 43 through line 3 on Page 3, by striking:
/ These expenses must be paid from approved accounts of their respective bodies. All other costs and expenses of the committee must be paid in equal proportion by the Senate and the House of Representatives. / and inserting:
/ These expenses for legislative members must be paid from approved accounts of their respective houses and these expenses of gubernatorial appointees must be paid from funds appropriated for the operation of the Office of the Governor. All other costs and expenses of the committee must be paid in equal proportion by the Office of the Governor, the Senate, and the House of Representatives. /
Renumber sections to conform.
Amend title to conform.
HUGH K. LEATHERMAN, SR. for Committee.
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING CHAPTER 41, TITLE 2, RELATING TO THE TAX STUDY COMMISSION, SO AS TO CREATE A JOINT COMMITTEE ON TAXATION.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 41, Title 2 of the 1976 Code is amended by adding:
Section 2-41-10. There is established the Joint Committee on Taxation composed of six members, three appointed by the Chairman of the Senate Finance Committee from the membership of the Senate, who shall serve ex officio, and three appointed by the Chairman of the House Ways and Means Committee from the membership of the House, who shall serve ex officio.
Section 2-41-20. The committee must:
(1) make a detailed and careful study of the revenue laws of the State, together with all other laws of the State which have a bearing upon the study of the revenue laws, and to make recommendations to the General Assembly;
(2) provide for the revision of revenue laws so as to develop a more easily understandable and workable system of revenue laws for the State;
(3) recommend changes in the basic tax structure of the State and in the rates of taxation, together with predicted revenue effects of the charges together with proposed alternate sources of revenue, to the end that our revenue system may be stable and equitable, and yet so fair when compared with the tax structures of other states, that business enterprises and persons would be encouraged by the economic impact of the South Carolina revenue laws to move themselves and their business enterprises into the State;
(4) recommend study of alternate sources of revenue found in the tax structures of other states, and particularly in the other southeastern states, and to make a report of the economic impact of the South Carolina tax structure upon the business enterprises of various types of industry, as compared with those of other southeastern states; and
(5) make recommendations for long-range revenue planning, and for future amendments of the revenue laws of South Carolina.
Section 2-41-30. The committee may:
(1) hold public hearings;
(2) receive testimony of any employees of the State or any other witnesses who may assist the committee in its duties; and
(3) call for assistance in the performance of its duties from any employees or agencies of the State or any of its political subdivisions.
Section 2-41-40. The committee may adopt by majority vote rules not inconsistent with this chapter it considers proper with respect to matters relating to the discharge of its duties under this chapter.
Section 2-41-50. Professional and clerical services for the committee must be made available from the staffs of the General Assembly, the Budget and Control Board, the Department of Revenue, and other state agencies and institutions.
Section 2-41-60. The committee must make reports and recommendations to the General Assembly and the Governor. These findings and recommendations must be published and made available to the public.
Section 2-41-70. The members of the committee are entitled to receive the per diem, mileage, and subsistence as is allowed by law for members of boards, committees, and commissions when engaged in the exercise of their duties as members of the committee. These expenses must be paid from approved accounts of their respective bodies. All other costs and expenses of the committee must be paid in equal proportion by the Senate and the House of Representatives."
SECTION 2. This act takes effect upon approval by the Governor.
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