South Carolina General Assembly
121st Session, 2015-2016

H. 3701
General Appropriations Bill for fiscal year 2015-2016
As Reported by the Senate Finance Committee

PAGE 340  
SECTION 116
ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION,
EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES
FISCAL YEAR 2015-16
 
            House of   Senate  
  Appropriation   Representatives   Finance Committee  
  Act   Estimate   Estimate  
  Estimate   FY 2015-16   FY 2015-16  
  FY 2014-15   March 17, 2015   April 22, 2015  
  --------------------   --------------------   --------------------  
REGULAR SOURCES:
  Sales Tax   2,590,085,069   2,680,293,000   2,680,293,000  
Income Tax (Total)   3,317,118,971   3,472,104,837   3,472,104,837  
Individual   3,012,820,102   3,165,424,528   3,165,424,528  
Corporation   304,298,869   306,680,309   306,680,309  
    --------------------   --------------------   --------------------  
 
Total Income and Sales Tax   5,907,204,040   6,152,397,837   6,152,397,837  
    --------------------   --------------------   --------------------  
All Other Revenue
Admissions Tax   29,491,939   28,771,000   28,271,000  
Aircraft Tax   4,700,472   4,536,000   4,536,000  
Alcoholic Liquor Tax   67,305,644   72,334,000   72,334,000  
Bank Tax   40,000,000   28,170,000   28,170,000  
Beer and Wine Tax   102,563,724   106,691,000   106,691,000  
Business License Tax   27,126,360   24,869,000   24,869,000  
Coin-Operated Device Tax   1,570,367   1,069,000   1,069,000  
Corporation License Tax   83,832,779   94,916,000   94,916,000  
Departmental Revenue   36,450,056   34,386,000   34,386,000  
Documentary Tax   32,871,609   40,638,000   40,638,000  
Earned on Investments   18,000,000   19,000,000   19,000,000  
Insurance Tax   221,491,879   203,353,000   203,353,000  
Motor Vehicle Licenses   10,031,759   10,711,000   10,711,000  
Private Car Lines Tax   3,718,973   3,672,000   3,672,000  
Public Service Authority   22,000,000   22,130,000   22,130,000  
Retailers' License Tax   826,509   755,000   755,000  
Savings & Loan Association Tax   3,261,277   2,240,000   2,240,000  
Workers' Compensation Insurance Tax   10,206,684   8,354,000   8,354,000  
    --------------------   --------------------   --------------------  
 
Total All Other Revenue   715,450,031   706,595,000   706,095,000  
    --------------------   --------------------   --------------------  
 
Total Regular Sources   6,622,654,071   6,858,992,837   6,858,492,837  


PAGE 341  
SECTION 116
ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION,
EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES
FISCAL YEAR 2015-16
 
            Board of   House of  
  Appropriation   Representatives   Senate  
  Act   Estimate   Estimate  
  Estimate   FY 2015-16   FY 2015-16  
  FY 2014-15   March 17, 2015   April 22, 2015  
  --------------------   --------------------   --------------------  
MISCELLANEOUS SOURCES:
  Circuit & Family Court Fines   8,199,717   8,779,000   8,779,000  
Debt Service Reimbursement   65,234   65,200   65,200  
Indirect Cost Recoveries   11,061,222   11,061,000   11,061,000  
Parole & Probation Supervision Fees   3,392,808   3,392,800   3,392,800  
Unclaimed Property Fund Transfer   15,000,000   15,000,000   15,000,000  
    --------------------   --------------------   --------------------  
 
Total Miscellaneous Sources   37,718,981   38,298,000   38,298,000  
    --------------------   --------------------   --------------------  
 
Other Sources:
Nonrecurring Revenue and Transfers       20,413,266  
 
Total General Fund Revenue   6,660,373,052   6,897,290,837   6,917,204,103  
 
Department of Transportation Revenue 1,577,717,541   1,577,267,849   1,577,267,849  
 
Education Improvement Act Revenue 647,596,267   682,698,250   682,698,250  
 
Education Lottery Revenues
Lottery Income 299,600,000   322,925,000   315,925,000  
Prior Year's Projected Surplus 45,470,643   -   -  
    --------------------   --------------------   --------------------  
 
  Total Education Lottery Revenues 345,070,643   322,925,000   315,925,000  
 
Revenue Earmarked for
  Tax Relief Trust Funds 552,691,659   571,182,163   571,182,163  
    --------------------   --------------------   --------------------  
 
Total All Sources of Revenues 9,783,449,162   10,051,364,099   10,064,277,365  
    --------------------   --------------------   --------------------  

This web page was last updated on Monday, April 27, 2015 at 10:06 A.M.