Adopted

AMENDMENT NO 4 PROPOSED TO

Senate Bill No. 2310

BY: Senator(s) Doxey

     Amend by striking lines 302 through 309 and insert in lieu thereof the following:

     (2)  On or before August 15, 2006, and each succeeding month thereafter, the State Tax Commission shall distribute from the special fund the amount required to be deposited in the special fund during the preceding month under Section 27-69-75 to each municipality in the state, in an amount equal to the proportion that the sales tax collections from retail sales of food taxed under Section 27-65-26 for the preceding month in each municipality bear to the total sales tax collections from retail sales of food taxed under Section 27-65-26 for the preceding month in all the municipalities of the state; however, from and after July 1, 2014, the State Tax Commission shall distribute from the special fund the amount required to be deposited in the special fund during the preceding month under Section 27-69-75 to each municipality in the state, in an amount equal to the proportion that the sales tax collections for the preceding month in each municipality bear to the total sales tax collections for the preceding month in all the municipalities of the state.

     Further amend the title to conform.