South Carolina General Assembly
112th Session, 1997-1998

Bill 3528

                    Current Status

Bill Number:                    3528
Ratification Number:            161
Act Number:                     82
Type of Legislation:            General Bill GB
Introducing Body:               House
Introduced Date:                19970225
Primary Sponsor:                H. Brown 
All Sponsors:                   H. Brown 
Drafted Document Number:        jic\5327htc.97
Date Bill Passed both Bodies:   19970603
Date of Last Amendment:         19970529
Governor's Action:              S
Date of Governor's Action:      19970610
Subject:                        Revenue impact statement on
                                legislation relating to taxes to be
                                certified by Economic Advisors Board,
                                General Assembly
History


Body    Date      Action Description                       Com     Leg Involved
______  ________  _______________________________________  _______ ____________

------  19970630  Act No. A82
------  19970610  Signed by Governor
------  19970604  Ratified R161
House   19970603  Concurred in Senate amendment,
                  enrolled for ratification
Senate  19970529  Amended, read third time,
                  returned to House with amendment
Senate  19970522  Read second time, notice of
                  general amendments
Senate  19970521  Committee report: Favorable              06 SF
Senate  19970501  Introduced, read first time,             06 SF
                  referred to Committee
House   19970430  Read third time, sent to Senate
House   19970429  Read second time
House   19970422  Committee report: Favorable              30 HWM
House   19970225  Introduced, read first time,             30 HWM
                  referred to Committee
View additional legislative information at the LPITS web site.

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A82, R161, H3528)

AN ACT TO AMEND SECTION 2-7-71, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE REQUIREMENT FOR A REVENUE IMPACT STATEMENT ON BILLS RELATING TO STATE TAXES REPORTED OUT OF STANDING COMMITTEES OF THE HOUSE OF REPRESENTATIVES AND SENATE, SO AS TO PROVIDE THAT THIS STATEMENT MUST BE CERTIFIED BY THE BOARD OF ECONOMIC ADVISORS RATHER THAN AN AGENT OF THE DEPARTMENT OF REVENUE, AND TO PROVIDE THAT THE BOARD MAY REQUEST THE TECHNICAL ADVICE OF THE DEPARTMENT OF REVENUE WITH RESPECT TO THE PREPARATION OF THESE STATEMENTS.

Be it enacted by the General Assembly of the State of South Carolina:

Revenue impact

SECTION 1. Section 2-7-71 of the 1976 Code, as last amended by Section 21, Act 181 of 1993, is further amended to read:

"Section 2-7-71. When a bill relating to state taxes is reported out of a standing committee of the Senate or House of Representatives for consideration, there must be attached and printed as a part of the committee report a statement of the estimated revenue impact of the bill on the finances of the State certified by the Board of Economic Advisors. As used in this section 'statement of estimated revenue impact' means the consensus of the persons executing the required statement as to the increase or decrease in the net tax revenue to the State if the bill concerned is enacted by the General Assembly. In preparing a statement, the Board of Economic Advisors may request technical advice of the Department of Revenue."

Time effective

SECTION 2. This act takes effect January 1, 1998.

Approved the 10th day of June, 1997.