South Carolina State Taxes

Document Sample
South Carolina State Taxes Powered By Docstoc
					        South Carolina State Taxes on Hospitality & Leisure, Alcoholic Beverage and Transportation Sectors
      Service                  State Base                                                     Tax Revenues
       Taxed               Tax Rate (FY07-08)                     Tax Distribution               FY07-08                          Use of Funds
      Lodging                     5%*                 State General Fund                           $125,631,110 Education (80% EFA & 20% EIA)

 (Room Rev Only)                  2%                  Local Governments (Under the Act)            $40,656,726    (See Report on Local Gov Exp of A-Tax)
                                                      Local Governments (Not under the Act)         $3,301,423    Local General Funds
                                                      Eleven Tourism Regions (2%)                      $907,641   Tourism Marketing and Promotion
                                                      DOR Administrative Fee                           $596,849   DOR
                                                                                                   $45,462,639
    Admission/              6% (Retail Sales)         State General Fund                            $18,877,421   5% - Education (80% EFA & 20% EIA)
   Entertainment
                            5% (Admissions)           State General Fund (73%)                      $24,607,849
                                                      Film Office (19%)                              $6,369,143   Motion Picture Production Supplier Rebates
                                                      Dept. of Commerce (apx. 4%)**                  $1,546,995   Admissions Tax Infrastructure Fund
                                                      Local Governments (apx. 4%)**                  $1,307,991   Admissions Tax Infrastructure Fund
                                                      DNR - Fishing Piers (apx. 0.1%)                   $35,383   DNR
                                                                                                   $33,867,361
  Prepared Food                   6%*                 State General Fund                           $392,312,434   5% - Education (80% EFA & 20% EIA)
    & Beverage
 Alcoholic Liquors    License fees and excise taxes   State General Fund                           $61,890,406
  Beer and Wine                   6%*                 State Sales Tax***                               $83,412 5% - Education (80% EFA & 20% EIA)

                          Varying license fees        State General Fund                           $101,002,910
                                                      Local Gov - Alcohol Beverage License             $414,600 Local General Funds
Automobile Rental                  6%*                State General Fund                             $13,902,015 5% - Education (80% EFA & 20% EIA)
     Aircraft          Avg. statewide millage rate    State General Fund                             $6,145,104
    Gasoline                16.75 cents per           $0.16 - DOT                                  $534,012,975
                               gallon (cpg)           $0.005 - Environmental Impact Fee             $18,009,653 DHEC
                                                      $0.0025 - Petroleum Inspection Fee             $9,077,804
      Total                                                                                      $1,360,689,845
Funds currently being allocated for tourism/film-related uses are highlighted and bolded.

*Additional sales tax on non-prepared food is included at a rate of 3%.
**Percentage may vary depending on the number of grants approved by the CCED.
***On beer, wine & alcoholic beverages sold in stores

Source:
http://www.sctax.org/NR/rdonlyres/76B1DDFB-D2D8-4A70-BC3B-16DB6BE2D504/0/0708_annualReport.pdf




                                                                      Updated December 2009
State General Fund                $24,607,849   72.7%
Film Office                        $6,369,143   18.8%
DOC/Local Gov Grants               $2,854,986    8.4%
DNR - Fishing Piers (apx. 0.1%)       $35,383    0.1%
                                  $33,867,361




                                                        Admissions Tax Dis



                                                                    DNR
                                                        DOC/Local Gov
                                                           Grants
                                                             8%




                                                           Film Office
                                                              19%
Admissions Tax Distribution
         FY07-08


           DNR - Fishing Piers
              (apx. 0.1%)
DOC/Local Gov
                  0%
   Grants




   Film Office
      19%
                   State General
                       Fund
                        73%

				
DOCUMENT INFO
Description: South Carolina State Taxes document sample