S 0753 {Rat #158, Act #149 of 2020} General Bill, By Gambrell and Cash
 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. - ratified title
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   04/10/19  Senate Introduced and read first time (Senate Journal-page 6)
   04/10/19  Senate Referred to Committee on Banking and Insurance
                     (Senate Journal-page 6)
   03/12/20  Senate Committee report: Favorable with amendment
                     Banking and Insurance (Senate Journal-page 7)
   05/12/20  Senate Committee Amendment Adopted (Senate Journal-page 57)
   05/12/20  Senate Read second time (Senate Journal-page 57)
   05/12/20  Senate Roll call Ayes-37  Nays-0 (Senate Journal-page 57)
   05/12/20  Senate Unanimous consent for third reading on next
                     legislative day (Senate Journal-page 57)
   05/13/20  Senate Read third time and sent to House
                     (Senate Journal-page 8)
   06/24/20  House  Introduced and read first time (House Journal-page 29)
   06/24/20  House  Referred to Committee on Ways and Means
                     (House Journal-page 29)
   09/15/20  House  Committee report: Favorable with amendment Ways
                     and Means (House Journal-page 62)
   09/16/20  House  Debate adjourned until  Thurs., 09-17-20
                     (House Journal-page 46)
   09/22/20  House  Amended (House Journal-page 24)
   09/22/20  House  Read second time (House Journal-page 24)
   09/22/20  House  Roll call Yeas-106  Nays-0 (House Journal-page 24)
   09/23/20  House  Read third time and returned to Senate with
                     amendments (House Journal-page 7)
   09/23/20  Senate Concurred in House amendment and enrolled
                     (Senate Journal-page 131)
   09/23/20  Senate Roll call Ayes-39  Nays-0 (Senate Journal-page 131)
   09/25/20         Ratified R  158
   09/28/20         Signed By Governor
   10/02/20         Effective date  09/28/20
   10/02/20         Act No.  149

(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.