South Carolina General Assembly
120th Session, 2013-2014

H. 4701
General Appropriations Bill for fiscal year 2014-2015
As Passed by the House of Representatives

PAGE 328  
SECTION 116
ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION,
EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES
FISCAL YEAR 2014-15
 
            Board of   House of  
  Appropriation   Economic Advisors   Representatives  
  Act   Estimate   Estimate  
  Estimate   FY 2014-2015   FY 2014-2015  
  FY 2013-14   February 13, 2014   March 12, 2014  
  --------------------   --------------------   --------------------  
REGULAR SOURCES:
  Sales Tax   2,472,635,319   2,580,800,239   2,580,800,239  
Income Tax (Total)   3,094,194,669   3,307,153,771   3,307,153,771  
Individual   2,845,960,772   3,011,579,966   3,011,579,966  
Corporation   248,233,897   295,573,805   295,573,805  
    --------------------   --------------------   --------------------  
 
Total Income and Sales Tax   5,566,829,988   5,887,954,010   5,887,954,010  
    --------------------   --------------------   --------------------  
All Other Revenue
Admissions Tax   30,249,806   29,586,391   29,266,939  
Aircraft Tax   4,283,730   4,700,472   4,700,472  
Alcoholic Liquor Tax   64,272,201   67,305,644   67,305,644  
Bank Tax   29,448,498   40,000,000   40,000,000  
Beer and Wine Tax   104,716,438   102,563,724   102,563,724  
Business License Tax   25,725,172   27,126,360   27,126,360  
Coin-Operated Device Tax   1,477,874   1,570,367   1,570,367  
Corporation License Tax   112,978,118   83,832,779   83,832,779  
Departmental Revenue   36,590,056   36,450,056   36,450,056  
Documentary Tax   27,777,647   32,871,609   32,871,609  
Earned on Investments   22,000,000   18,000,000   18,000,000  
Insurance Tax   188,366,540   221,491,879   221,491,879  
Motor Vehicle Licenses   10,202,066   10,031,759   10,031,759  
Private Car Lines Tax   3,959,619   3,718,973   3,718,973  
Public Service Authority   21,000,000   22,000,000   22,000,000  
Retailers' License Tax   909,350   826,509   826,509  
Savings & Loan Association Tax   1,384,043   3,261,277   3,261,277  
Workers' Compensation Insurance Tax   10,651,975   10,206,684   10,206,684  
    --------------------   --------------------   --------------------  
 
Total All Other Revenue   695,993,133   715,544,483   715,225,031  
    --------------------   --------------------   --------------------  
 
Total Regular Sources   6,262,823,121   6,603,498,493   6,603,179,041  


PAGE 329  
SECTION 116
ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION,
EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES
FISCAL YEAR 2014-15
 
 
            Board of   House of  
  Appropriation   Economic Advisors   Representatives  
  Act   Estimate   Estimate  
  Estimate   FY 2014-2015   FY 2014-2015  
  FY 2013-14   February 13, 2014   March 12, 2014  
  --------------------   --------------------   --------------------  
MISCELLANEOUS SOURCES:
  Circuit & Family Court Fines   9,527,928   8,199,717   8,199,717  
Debt Service Reimbursement   89,557   65,234   65,234  
Indirect Cost Recoveries   11,061,222   11,061,222   11,061,222  
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   39,071,515   37,718,981   37,718,981  
    --------------------   --------------------   --------------------  
 
Total Regular and Miscellaneous Revenue   6,301,894,636   6,641,217,474   6,640,898,022  
 
Other Sources:
Nonrecurring Revenues & Transfers   37,372,707   -   -  
FY 2012-13 BEA Estimated Surplus   50,739,599   -   -  
    --------------------   --------------------   --------------------  
 
General Fund Revenue   6,390,006,942   6,641,217,474   6,640,898,022  
 
Less: Transfer to General Reserve Fund   (11,248,376)   -   -  
    --------------------   --------------------   --------------------  
 
Total General Fund Revenue (Net of
Transfer to General Reserve Fund)   6,378,758,566   6,641,217,474   6,640,898,022  
 
Department of Transportation Revenue   1,531,979,884   1,577,717,541   1,577,717,541  
 
Education Improvement Act:
FY 2014-15 Recurring Revenue   628,623,830   645,325,060   645,325,060  
FY 2012-13 Estimated Surplus   8,000,000   -   -  
    --------------------   --------------------   --------------------  
 
Total Education Improvement Act   636,623,830   645,325,060   645,325,060  
 
Education Lottery Revenues
Lottery Income   287,500,000   291,600,000   291,600,000  
FY 2013-14 Projected Surplus   -   45,470,643   45,470,643  
    --------------------   --------------------   --------------------  
 
Total Education Lottery Revenues   287,500,000   337,070,643   337,070,643  
 
Revenue Earmarked for Tax Relief
Trust Funds   544,213,970   552,691,659   552,691,659  
    --------------------   --------------------   --------------------  
 
Total All Sources of Revenues   9,379,076,250   9,754,022,377   9,753,702,925  
    --------------------   --------------------   --------------------  

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