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S. 499
STATUS INFORMATION
General Bill
Sponsors: Senator Reese
Document Path: l:\council\bills\dka\3074sa15.docx
Introduced in the Senate on March 4, 2015
Currently residing in the Senate Committee on Finance
Summary: Local hospitality tax revenue
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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3/4/2015 Senate Introduced and read first time (Senate Journal-page 3)
3/4/2015 Senate Referred to Committee on Finance (Senate Journal-page 3)
View the latest legislative information at the website
VERSIONS OF THIS BILL
TO AMEND SECTION 6-1-730, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE USE OF LOCAL HOSPITALITY TAX REVENUE, SO AS TO ALLOW THE REVENUE GENERATED AFTER FIVE YEARS TO BE USED FOR ANY PURPOSE APPROVED BY THE GOVERNING BODY.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 6-1-730 of the 1976 Code, as last amended by Act 290 of 2010, is further amended by adding a subsection at the end to read:
"(C) Once the hospitality tax has been imposed in the county or municipality for at least five years, an amount not to exceed fifty percent of revenue in the preceding fiscal year of the hospitality tax authorized in this article may be used for any purpose approved by the applicable governing body."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on March 6, 2015 at 10:20 AM