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S 0406 - Increases the gas tax and provides an income tax credit

Tracking Level: Of Interest
Sponsor: Paul Thurmond
Last Action: 2/10/2015 - Scrivener's error corrected
Senate Committee:
Assigned To:
Finance/Revenue/TaxesNext Bill

Staff Analysis of the Legislation

03.24.2015 The Senate Finance Transportation Funding Special subcommittee did not take action on this bill although it was on the agenda.   
03.17.2015 The Senate Finance Transportation Funding Special subcommittee did not take action on this bill although it was on the agenda.   
03.10.2015 The Senate Finance Transportation Funding Special subcommittee did not take action on this bill although it was on the agenda. 
03.03.2015 The Senate Finance Transportation Funding Special subcommittee did not take action on this bill although it was on the agenda. 
02.12.2015 The Senate Finance Transportation Funding subcommittee did not take action on this bill although it was on the agenda.
Summary of the bill as introduced: Directs the State Fiscal Accountability Authority to establish a motor fuel surcharge and provide for a refundable income tax credit for taxpayers who pay the motor fuel surcharge.

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Session 121 - (2015-2016)Printer Friendly
(pdf format)
S 0406 General Bill, By Thurmond and McElveen
Summary: Motor fuels
    A BILL TO AMEND CHAPTER 28, TITLE 12 OF THE 1976 CODE, RELATING TO MOTOR FUELS SUBJECT TO USER FEES, BY ADDING SECTION 12-28-315 TO PROVIDE FOR A SURCHARGE TO BE COLLECTED ON MOTOR FUEL PURCHASES, TO PROVIDE THAT THE STATE FISCAL ACCOUNTABILITY AUTHORITY SHALL ESTABLISH THE SURCHARGE RATE, AND TO PLACE A LIMIT ON HOW MUCH THE SURCHARGE CAN BE INCREASED FROM YEAR TO YEAR; AMEND CHAPTER 6, TITLE 12, BY ADDING SECTION 12-6-3379 TO PROVIDE FOR A REFUNDABLE INCOME TAX CREDIT FOR SOUTH CAROLINA TAXPAYERS WHO PAY THE MOTOR FUEL SURCHARGE; TO AMEND SECTION 57-1-370, BY ADDING A SUBSECTION TO PROVIDE THAT FUNDS COLLECTED PURSUANT TO SECTION 12-28-315 MUST BE USED TO FUND TRANSPORTATION INFRASTRUCTURE PROJECTS; AND TO AMEND SECTION 57-1-310(A) TO PROVIDE THAT THE GOVERNOR SHALL MAKE TWO APPOINTMENTS FROM THE STATE AT LARGE TO THE DEPARTMENT OF TRANSPORTATION COMMISSION.
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02/03/15Senate Introduced and read first time (Senate Journal-page 11)
02/03/15Senate Referred to Committee on Finance (Senate Journal-page 11)
02/10/15 Scrivener's error corrected



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