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Indicates Matter Stricken
Indicates New Matter
Indicates Matter Stricken
Indicates New Matter
COMMITTEE REPORT
March 27, 2003
S. 480
S. Printed 3/27/03--S.
Read the first time March 12, 2003.
To whom was referred a Bill (S. 480) to amend Section 6-1-530, as amended, Code of Laws of South Carolina, 1976, relating to the uses allowed for the revenues of 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, by striking SECTION 1 and inserting:
/ SECTION 1. Section 6-1-530(B) of the 1976 Code, as added by Act 138 of 1997, is further amended to read:
"(B)(1) In a county in which at least nine hundred thousand dollars in accommodations taxes is collected annually pursuant to Section 12-36-920, the revenues of the local accommodations tax authorized in this article may also be used for the operation and maintenance of those items provided in (A)(1) through (6) including police, fire protection, emergency medical services, and emergency-preparedness operations directly attendant to those facilities.
(2) In a county in which less than nine hundred thousand dollars in accommodations taxes is collected annually, an amount not to exceed fifty percent of the revenue in the preceding fiscal year of the local accommodations tax authorized pursuant to this article may be used for the additional purposes provided in item (1) of this subsection." /
Renumber sections to conform.
Amend title to conform.
HUGH K. LEATHERMAN, SR. for Committee.
REVENUE IMPACT 1/
The Office of Economic Research has reviewed the bill and has determined that there is no impact on state or local general fund revenue in FY 2003-04.
Explanation
Under current law, Section 6-1-530 (A) spells out the only six items for which revenue generated from the local accommodation tax can be used. Also, under current law, Section 6-1-530(B) states counties in which at least nine hundred thousand dollars in accommodations taxes is collected annually pursuant to Section 12-36-920 may spend the revenues of the local accommodations tax for the operation and maintenance of the six specified uses of local accommodation tax revenue including police, fire protection, emergency medical services and emergency-preparedness operations directly attendant to these facilities. This bill adds additional criteria a county may meet in order to use local accommodation tax revenue for these additional purposes. These three criteria relate to where local accommodation tax revenue is generated within the county, the number of miles of interstate highway inside a county and primary highways connected to coastal destinations. Using these three new criteria, the Office of Economic Research estimates that Jasper County and Dorchester County would qualify to spend local accommodation tax revenue for these additional purposes. The Office of Economic Research has reviewed the bill and has determined that there is no impact on state or local general fund revenue in FY 2003-04.
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.
EXPLANATION OF IMPACT:
Enactment of this bill would have no impact on the General Fund of the State or on federal and/or other funds.
LOCAL GOVERNMENT IMPACT:
Enactment would have no net impact on county expenditures. The bill is permissive in nature with regard to the use of accommodations tax revenue.
Approved By:
Don Addy
Office of State Budget
TO AMEND SECTION 6-1-530, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE USES ALLOWED FOR THE REVENUES OF THE LOCAL ACCOMMODATIONS TAX, SO AS TO PROVIDE ADDITIONAL CRITERIA A COUNTY MAY MEET TO BE ELIGIBLE FOR THE ADDITIONAL PURPOSES FOR WHICH LOCAL ACCOMMODATIONS TAX REVENUES MAY BE USED.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 6-1-530 of the 1976 Code, as last amended by Act 312 of 2002, is further amended by adding a new subsection at the end to read:
"(C) The additional uses of local accommodations tax revenue allowed pursuant to subsection (B) of this section also are permitted in a county in which the following three items apply:
(1) at least fifty percent of local accommodations tax revenue is generated within one mile of an interstate highway;
(2) at least thirty-two but not more than thirty-four miles of interstate highway is located;
(3) there are at least two primary highways that connect to coastal destinations that are primarily tourist destinations if these locations are within thirty miles of the county's boundaries."
SECTION 2. This act takes effect upon approval by the Governor.
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