(Doc Name H:\LEGWORK\HOUSE\AMEND\H-WM\004\FINLAYBLT.DOCX):
EXPLANATION: Prohibits municipalities and political subdivisions from authorizing non-governmental entities to collect business license taxes on their behalf.
Amend the bill, as and if amended, Part IB, Section 117, GENERAL
PROVISIONS, page 495, after line 30, by adding an appropriately
numbered paragraph to read:
/ (GP: Collection of Business License
Taxes) A municipality or other political subdivision shall be
prohibited from authorizing the Municipal Association of South
Carolina or any other nongovernmental entity from collecting
business license taxes on its behalf. This prohibition does not
apply to the broker's premium tax, insurance premium tax,
business license taxes imposed upon insurers, or any business
license taxes collected under the Telecommunications Tax
Collection Program. If a municipality or other political
subdivision violates this prohibition, its remaining Aid to
Subdivisions, Local Government Fund allocation shall be reduced
by the amount of the taxes collected and received from the
municipal association or other nongovernmental entity.
/
Renumber sections to conform.
Amend totals and titles to conform.