H 4614 General Bill, By Boan

Similar(S 907, S 998)
 A Bill to amend Section 4-9-30, as amended, Code of Laws of South Carolina,
 1976, relating to the powers of county councils under Home Rule, so as to
 prohibit counties from levying business license taxes or fees on insurance
 companies.

   01/26/94  House  Introduced and read first time HJ-6
   01/26/94  House  Referred to Committee on Judiciary HJ-6

A BILL

TO AMEND SECTION 4-9-30, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE POWERS OF COUNTY COUNCILS UNDER HOME RULE, SO AS TO PROHIBIT COUNTIES FROM LEVYING BUSINESS LICENSE TAXES OR FEES ON INSURANCE COMPANIES.

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

SECTION 1. Section 4-9-30(12) of the 1976 Code, as last amended by Act 495 of 1988, is further amended to read:

"(12) to levy uniform license taxes upon persons and businesses engaged in or intending to engage in a business, occupation, or profession, in whole or in part, within the county but outside the corporate limits of a municipality except those persons who are engaged in the profession of teaching or who are ministers of the gospel and rabbis, except persons and businesses acting in the capacity of telephone, telegraph, gas and electric utilities, suppliers, or other utility regulated by the Public Service Commission and except an entity which is exempt from license tax under another law or a subsidiary or affiliate of any such exempt entity. No county business license fee or tax may be levied on insurance companies. The license tax must be graduated according to the gross income of the person or business taxed. A business engaged in making loans secured by real estate is subject to the license tax only if it has premises located in the county but outside the corporate limits of a municipality. If the person or business taxed pays a license tax to another county or to a municipality, the gross income for the purpose of computing the tax must be reduced by the amount of gross income taxed in the other county or municipality;"

SECTION 2. This act takes effect upon approval by the Governor.