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S. 848
STATUS INFORMATION
General Bill
Sponsors: Senator Hawkins
Document Path: l:\council\bills\gjk\20521sd05.doc
Introduced in the Senate on May 17, 2005
Currently residing in the Senate Committee on Finance
Summary: Marijuana stamp taxes paid by the dealer
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 5/17/2005 Senate Introduced and read first time SJ-7 5/17/2005 Senate Referred to Committee on Finance SJ-7
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AMEND SECTION 12-21-6050, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DISTRIBUTION OF FUNDS RECEIVED FROM STAMP TAXES REQUIRED TO BE PAID BY A DEALER POSSESSING MARIJUANA OR OTHER CONTROLLED SUBSTANCES UNDER THE SOUTH CAROLINA MARIJUANA AND CONTROLLED SUBSTANCE TAX ACT, SO AS TO PROVIDE THAT INSTEAD OF ALL PROCEEDS OF THE TAX GOING TO THE STATE GENERAL FUND, FIFTY PERCENT OF THE PROCEEDS MUST BE DISTRIBUTED TO THE LAW ENFORCEMENT AGENCY INVESTIGATING THE CASE AND RESPONSIBLE FOR THE ARREST.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-21-6050 of the 1976 Code is amended to read:
"Section 12-21-6050. The department shall credit fifty percent of the proceeds of the tax levied by this article to the general fund of the State, and shall transmit the remaining fifty percent to the law enforcement agency investigating the case and responsible for the arrest if an arrest is made."
SECTION 2. This act takes effect upon approval by the Governor.
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