H 4257 South Carolina House · 2019-2020 Regular Session

Insurance premium tax or broker's premium tax

Summary
A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 6-1-200 SO AS TO PROHIBIT THE MUNICIPAL ASSOCIATION OF SOUTH CAROLINA OR OTHER NONGOVERNMENTAL ENTITY FROM COLLECTING AN INSURANCE PREMIUM TAX OR BROKER'S PREMIUM TAX; TO AMEND SECTION 38-7-160, RELATING TO MUNICIPAL LICENSE FEES AND INSURANCE TAXES, SO AS TO AUTHORIZE THE DEPARTMENT OF INSURANCE TO COLLECT INSURANCE PREMIUM TAXES AND REMIT THEM TO THE APPROPRIATE MUNICIPALITIES; TO AMEND SECTION 38-45-10, RELATING TO NECESSARY DEFINITIONS, SO AS TO REMOVE THE TERM "MUNICIPAL AGENT"; AND TO AMEND SECTION 38-45-60, RELATING TO THE ACCOUNTING OF THE STATE'S PORTION OF BROKER'S PREMIUM TAXES COLLECTED, SO AS TO REMOVE REFERENCES TO MUNICIPAL AGENTS AND MAKE CONFORMING CHANGES.
Bill status in committee 1 of 4 stages cleared
Introduction
Mar 2019
Committee Review
Floor Vote
Governor
Introduced Mar 19, 2019 Last action Mar 19, 2019
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Full legislative history

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Total actions
2
Key actions
0
Committee
1
Mar 19, 2019
House · Referred to committee
Referred to Committee on Labor, Commerce and Industry
Mar 19, 2019
House · Introduced
Introduced and read first time
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Kirkman Finlay, III
Kirkman Finlay, III
RRepublican
SC
75