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H. 4660
STATUS INFORMATION
General Bill
Sponsors: Reps. Forrester, Ballentine, Cole, Allison, Brannon, Patrick, Bingham, Chumley, Harrell, Stringer, Tallon and Wood
Document Path: l:\council\bills\bh\26079dg14.docx
Introduced in the House on February 19, 2014
Currently residing in the House Committee on Ways and Means
Summary: Sales tax
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 2/19/2014 House Introduced and read first time (House Journal-page 7) 2/19/2014 House Referred to Committee on Ways and Means (House Journal-page 7)
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VERSIONS OF THIS BILL
TO AMEND SECTION 12-36-2691, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO SALES TAX NEXUS FOR CERTAIN DISTRIBUTION FACILITIES, SO AS TO PROVIDE THAT UPON THE INAPPLICABILITY OF THIS SECTION, ANY SALES TAX REVENUE RESULTING FROM THE INAPPLICABILITY MUST BE CREDITED TO THE STATE HIGHWAY FUND TO BE USED EXCLUSIVELY FOR ROAD AND BRIDGE IMPROVEMENT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-36-2691 of the 1976 Code is amended by adding an appropriately lettered subsection at the end to read:
"( ) Notwithstanding any other provision of law, effective upon the inapplicability of this section pursuant to subsection (D), any sales tax revenue resulting from the inapplicability must be credited to the State Highway Fund to be used exclusively for road and bridge improvement."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on February 21, 2014 at 1:12 PM