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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-21-625 SO AS TO IMPOSE A SURTAX ON EACH CIGARETTE SUBJECT TO THE LICENSE TAX ON CIGARETTES IN AN AMOUNT EQUAL TO 2.2 CENTS A CIGARETTE, TO PROVIDE THAT THE REVENUE OF THIS SECTION IS CREDITED TO THE MEDICAID EXPANSION FUND AND IS APPROPRIATED AND AUTHORIZED FOR THE PURPOSE FOR WHICH THAT FUND IS ESTABLISHED, AND TO PROVIDE FOR THE PAYMENT AND COLLECTION OF THIS SURTAX; AND TO AMEND SECTION 44-6-155, RELATING TO THE MEDICAID EXPANSION FUND, SO AS TO REFLECT THE ADDITIONAL REVENUES FOR THAT FUND PROVIDED BY THE SURTAX IMPOSED BY THIS ACT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 5, Chapter 21, Title 12 of the 1976 Code is amended by adding:
"Section 12-21-625. (A) There is imposed a surtax on cigarettes subject to the tax imposed pursuant to Section 12-21-620(1) in an amount equal to 2.2 cents on each cigarette.
(B) Notwithstanding any other provision of law providing for the crediting of the revenues by license or other taxes, the revenue of the surtax imposed by this section must be credited to the Medicaid Expansion Fund established pursuant to Section 44-6-155 and used solely for the purpose provided pursuant to Section 44-6-155.
(C) For all purposes of reporting, payment, collection, and enforcement, the surtax imposed by this section is deemed to be imposed pursuant to Section 12-21-610."
SECTION 2. Section 44-6-155(A)(2) of the 1976 Code is amended to read:
"(2) collected pursuant to Section Sections 12-21-625 and 12-23-810; and"
SECTION 3. This act takes effect July 1, 2003.
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