Legislation Sponsored by Murrell Smith (1)

Date of Last Recorded Action: 6/10/2019


H 3137 Changes the funding formula of the Local Government Fund04.09.2019 The Senate Finance Committee gave this bill a favorable report as amended by the subcommittee.04.09.2019 The Senate Finance Sales and Income Tax subcommittee gave this bill a favorable report as amended. The amendment allows an increase or decrease capped at five percent beginning in FY2021.01.29.2019 The House Ways and Means Committee gave this bill a favorable report as amended by the subcommittee.01.24.2019 The House Ways and Means General Government Legislative subcommittee gave this bill a favorable report as amended. The amendment deletes the language that changes the name of the Local Government Fund and keeps the city portion of the LGF at 16.7222 percent instead of the 17 percent in the bill. Summary of the bill as introduced: Changes the name of the Local Government Fund to the Local Government Revenue Sharing Fund and requires the Fund for the upcoming fiscal year to increase by the same percentage that the state general fund is projected to increase, not to exceed five percent compared to the appropriation in the current fiscal year.
Sponsor: Murrell Smith House Com: WM Senate Com: Fin
Status: Act No. 84 Status Date: 6/10/2019
Keywords: Finance/Revenue/Taxes House Week of 01.21.2019 Week of 01.28.2019 Week of 04.08.2019
Priority







Municipal Association of South Carolina
1411 Gervais St., PO Box 12109, Columbia, SC 29211
Phone: 803.799.9574, Fax: 803.933.1299, mail@masc.sc