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A149, R158, S753

STATUS INFORMATION

General Bill
Sponsors: Senators Gambrell and Cash
Document Path: l:\council\bills\nbd\11288dg19.docx

Introduced in the Senate on April 10, 2019
Introduced in the House on June 24, 2020
Last Amended on September 22, 2020
Passed by the General Assembly on September 23, 2020
Governor's Action: September 28, 2020, Signed

Summary: Insurance premium tax

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   4/10/2019  Senate  Introduced and read first time (Senate Journal-page 6)
   4/10/2019  Senate  Referred to Committee on Banking and Insurance 
                        (Senate Journal-page 6)
   3/12/2020  Senate  Committee report: Favorable with amendment Banking and 
                        Insurance (Senate Journal-page 7)
   5/12/2020  Senate  Committee Amendment Adopted (Senate Journal-page 57)
   5/12/2020  Senate  Read second time (Senate Journal-page 57)
   5/12/2020  Senate  Roll call Ayes-37  Nays-0 (Senate Journal-page 57)
   5/12/2020  Senate  Unanimous consent for third reading on next legislative 
                        day (Senate Journal-page 57)
   5/13/2020  Senate  Read third time and sent to House (Senate Journal-page 8)
   6/24/2020  House   Introduced and read first time (House Journal-page 29)
   6/24/2020  House   Referred to Committee on Ways and Means 
                        (House Journal-page 29)
   9/15/2020  House   Committee report: Favorable with amendment Ways and 
                        Means (House Journal-page 62)
   9/16/2020  House   Debate adjourned until  Thurs., 09-17-20 
                        (House Journal-page 46)
   9/22/2020  House   Amended (House Journal-page 24)
   9/22/2020  House   Read second time (House Journal-page 24)
   9/22/2020  House   Roll call Yeas-106  Nays-0 (House Journal-page 24)
   9/23/2020  House   Read third time and returned to Senate with amendments 
                        (House Journal-page 7)
   9/23/2020  Senate  Concurred in House amendment and enrolled 
                        (Senate Journal-page 131)
   9/23/2020  Senate  Roll call Ayes-39  Nays-0 (Senate Journal-page 131)
   9/25/2020          Ratified R  158
   9/28/2020          Signed By Governor
   10/2/2020          Effective date  09/28/20
   10/2/2020          Act No.  149

View the latest legislative information at the website

VERSIONS OF THIS BILL

4/10/2019
3/12/2020
5/12/2020
9/15/2020
9/22/2020

(A149, R158, S753)

AN ACT TO AMEND SECTION 38-7-20, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO INSURANCE PREMIUM TAXES, SO AS TO TRANSFER ONE PERCENT OF THE REVENUES TO THE V-SAFE PROGRAM; AND TO TRANSFER CERTAIN FUNDS TO THE V-SAFE PROGRAM.

Be it enacted by the General Assembly of the State of South Carolina:

Insurance premium tax revenues transferred to V-SAFE program

SECTION    1.    Section 38-7-20(B)(2) of the 1976 Code, as last amended by Act 6 of 2019, is further amended to read:

"(2)    one percent must be transferred to the V-SAFE program pursuant to Section 23-9-25;"

Transfer to V-SAFE program

SECTION    2.    Upon the effective date of this act, the State Treasurer shall transfer to the V-SAFE Program any funds in the aid to fire districts account that are attributable to insurance premium taxes credited to the account pursuant to Section 38-7-20.

Time effective

SECTION    3.    This act takes effect upon approval by the Governor.

Ratified the 25th day of September, 2020.

Approved the 28th day of September, 2020.

This web page was last updated on October 6, 2020 at 9:36 AM