South Carolina General Assembly
119th Session, 2011-2012

H. 4813
General Appropriations Bill for fiscal year 2012-2013
As Introduced by the House Ways and Means Committee

PAGE 314
SECTION 88
ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION,
EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES
FISCAL YEAR 2012-13
 
        Board of Ways & Means
Appropriation Economic Advisors Committee
Act Estimate Estimate
Estimate FY 2012-2013 FY 2012-2013
FY 2011-12 February 15, 2012 February 23, 2012
-------------------- -------------------- --------------------
REGULAR SOURCES:
  Retail Sales Tax 2,250,803,376 2,426,430,613 2,426,148,213
Income Tax (Total) 2,509,189,878 2,832,838,012 2,832,829,486
Individual 2,322,282,386 2,647,472,183 2,647,463,657
Corporation 186,907,492 185,365,829 185,365,829
  -------------------- -------------------- --------------------
 
Total Income and Sales Tax 4,759,993,254 5,259,268,625 5,258,977,699
  -------------------- -------------------- --------------------
All Other Revenue
Admissions Tax 28,731,859 27,917,724 27,917,724
Aircraft Tax 5,638,820 4,014,377 4,014,377
Alcoholic Liquor Tax 58,618,229 62,138,620 62,138,620
Bank Tax 15,984,667 29,639,978 29,639,978
Beer and Wine Tax 104,253,221 105,547,794 105,547,794
Business License Tax 29,763,207 23,811,376 23,811,376
Coin-Operated Device Tax 1,636,968 1,746,052 1,746,052
Corporation License Tax 91,736,574 94,479,543 94,479,543
Departmental Revenue 36,650,056 36,650,056 36,590,056
Documentary Tax 31,549,841 22,571,698 22,571,698
Earned on Investments 36,000,000 29,000,000 29,000,000
Estate & Gift Tax 50,000 5,000 5,000
Insurance Tax 177,937,694 196,999,264 196,999,264
Motor Transport Fees 3,500 5,000 5,000
Motor Vehicle Licenses 12,861,693 15,980,088 15,980,088
Private Car Lines Tax 4,271,691 4,092,317 4,092,317
Public Service Authority 21,315,705 19,792,150 19,792,150
Retailers' License Tax 827,656 966,428 966,428
Savings & Loan Association Tax 3,630,361 1,811,348 1,811,348
Workers' Compensation Insurance Tax 13,401,914 12,025,746 12,025,746
  -------------------- -------------------- --------------------
 
Total All Other Revenue 674,863,656 689,194,559 689,134,559
  -------------------- -------------------- --------------------
 
Total Regular Sources 5,434,856,910 5,948,463,184 5,948,112,258


PAGE 315
SECTION 88
ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION,
EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES
FISCAL YEAR 2012-13
 
        Board of Ways & Means
Appropriation Economic Advisors Committee
Act Estimate Estimate
Estimate FY 2012-2013 FY 2012-2013
FY 2011-12 February 15, 2012 February 23, 2012
-------------------- -------------------- --------------------
MISCELLANEOUS SOURCES:
  Circuit & Family Court Fines 9,919,954 9,951,395 9,951,395
Debt Service Reimbursement 188,108 112,780 112,780
Indirect Cost Recoveries 11,061,222 11,061,222 11,061,222
Mental Health Fees - - -
Parole & Probation Supervision Fees 3,392,808 3,392,808 3,392,808
Unclaimed Property Fund Transfer 15,000,000 15,000,000 15,000,000
  -------------------- -------------------- --------------------
 
Total Miscellaneous Sources 39,562,092 39,518,205 39,518,205
  -------------------- -------------------- --------------------
 
Total Regular and Miscellaneous Revenue 5,474,419,002 5,987,981,389 5,987,630,463
 
Other Sources:
Nonrecurring Operating Transfers 1,243,469 - 604,312
  -------------------- -------------------- --------------------
 
General Fund Revenue 5,475,662,471 5,987,981,389 5,988,234,775
Less:
Transfer to General Reserve Fund (17,141,169) - -
  -------------------- -------------------- --------------------
 
General Fund Revenue (Net of Transfer
to General Reserve Fund) 5,458,521,302 5,987,981,389 5,988,234,775
 
Department of Transportation Revenue 1,137,353,752 1,150,057,148 1,362,949,427
 
Education Improvement Act
Recurring 598,116,929 606,797,653 606,727,053
Nonrecurring     17,719,814
  -------------------- -------------------- --------------------
Total Education Improvement Act 598,116,929 606,797,653 624,446,867
  -------------------- -------------------- --------------------
 
Education Lottery Revenue 267,233,000 254,000,000 266,733,000
 
Revenue Earmarked for Tax Relief
Trust Funds 545,680,709 549,161,002 549,161,002
  -------------------- -------------------- --------------------
 
Total All Sources of Revenues 8,605,022,621 9,154,794,845 9,415,971,938
  -------------------- -------------------- --------------------

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