(1) The excise tax of one and twenty-eight hundredths of one percent shall be paid over to the State Treasurer for the support of the common schools; provided, that one percent of the total amount collected at the rate of one and twenty-eight hundredths of one percent shall be placed in the County current expense fund to defray the costs of collection.

(2) The excise tax of twenty-five hundredths of one percent shall be placed in the County capital improvement fund; provided, that one percent of the total amount collected at the rate of twenty-five hundredths of one percent shall be placed in the County current expense fund to defray costs of collection.