View Amendment Current Amendment: 1 to Bill 973 The COMMITTEE on WAYS and MEANS proposes the following Amendment No. 1 to S. 973 (COUNCIL\DKA\973C002.DKA.SA16):

Reference is to Printer's Date 2/4/16--S.

Amend the bill, as and if amended, SECTION 1, page 1, by striking Section 38-7-20(B) in its entirety, and inserting:

/ (B)      Effective July 1, 2013, through June 30, 2017 2030, two and one-quarter percent of the revenue of the premium taxes collected pursuant to this section:
     (1)      one percent must be transferred to the South Carolina Forestry Commission and used by that agency for firefighting and firefighting equipment replacement;
     (2)      one percent must be transferred to the aid to fire districts account within the State Treasury and distributed for firefighting equipment replacement in the same manner as described in Section 23-9-410;
     (3)      one quarter of one percent must be transferred to the aid to emergency medical services regional councils within the Department of Health and Environmental Control and used for grants to fund emergency medical technician and paramedic training; and
     (4)      The the remaining insurance premium taxes collected pursuant to this section must be deposited to the credit of the general fund of the State. /

Amend further by striking SECTION 2 in its entirety and inserting:

/ SECTION      2.      This act takes effect on July 1, 2017, and first applies to Fiscal Year 2017-2018. /

Renumber sections to conform.
Amend title to conform.