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Indicates Matter Stricken
Indicates New Matter
Indicates Matter Stricken
Indicates New Matter
COMMITTEE REPORT
February 19, 2014
S. 912
S. Printed 2/19/14--S.
Read the first time January 14, 2014.
To whom was referred a Bill (S. 912) to amend Section 6-1-730, as amended, Code of Laws of South Carolina, 1976, relating to the use of hospitality tax revenue, so as to allow, etc., respectfully
That they have duly and carefully considered the same and recommend that the same do pass:
HUGH K. LEATHERMAN, SR. for Committee.
REVENUE IMPACT 1/
This bill is not expected to impact local revenue levels. However, this bill may result in changes in expenditures. The Office of State Budget prepares fiscal impact statements dealing with costs (expenditures) which could arise as the result of a statutory change.
Explanation
This bill expands the outlined usages of revenue collected from the local hospitality tax. The bill does not alter Section 6-1-730(A)(4) in a manner that would affect local revenue levels.
Approved By:
Frank A. Rainwater
Board of Economic Advisors
1/ This statement meets the requirement of Section 2-7-71 for a state revenue impact by the BEA, or Section 2-7-76 for a local revenue impact or Section 6-1-85(B) for an estimate of the shift in local property tax incidence by the Office of Economic Research.
TO AMEND SECTION 6-1-730, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE USE OF HOSPITALITY TAX REVENUE, SO AS TO ALLOW REVENUE TO BE SPENT ON ROADS AND BRIDGES PROVIDING ACCESS TO DESTINATIONS CONTRIBUTING TO TOURIST ACTIVITIES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 6-1-730(A)(4) of the 1976 Code is amended to read:
"(4) highways, roads, streets, and bridges providing access to tourist destinations or destinations contributing to tourist activities;"
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on February 19, 2014 at 7:13 PM