House panel approves shifting car sales tax to DOT

House panel approves shifting car sales tax to DOT

House panel approves shifting car sales tax to DOT

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by Associated Press

WCNC.com

Posted on February 19, 2013 at 2:04 PM

COLUMBIA, S.C. (AP) -- The House budget-writing committee has advanced a bill shifting money collected from the state sales tax on cars to road and bridge repair. 

The measure sent to the floor Tuesday would eventually transfer more than $80 million yearly from the general fund to the Department of Transportation. The transfer would be phased in over two years, meaning $41 million would go toward fixing roads in the coming year. 

The money comes from the state sales tax on vehicles, which is capped at $300. 

Orangeburg Rep. Gilda Cobb-Hunter voted against the idea, saying she wants money for infrastructure, but not by taking money from other needs. 

The transportation department says it needs an additional $1.5 billion over the next 20 years just to bring roads into good condition.
 

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