S*753 Session 123 (2019-2020)
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 View full text
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
S. 753
(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.
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