South Carolina General Assembly
109th Session, 1991-1992

Bill 3173


Indicates Matter Stricken
Indicates New Matter


                    Current Status

Introducing Body:               House
Bill Number:                    3173
Primary Sponsor:                Harvin
Committee Number:               30
Type of Legislation:            GB
Subject:                        Fire insurance premium tax
Residing Body:                  House
Current Committee:              Ways and Means
Computer Document Number:       BR1/1046.SD
Introduced Date:                Jan 09, 1991
Last History Body:              House
Last History Date:              Jan 09, 1991
Last History Type:              Introduced and read first time,
                                referred to Committee
Scope of Legislation:           Statewide
All Sponsors:                   Harvin
Type of Legislation:            General Bill



History


 Bill  Body    Date          Action Description              CMN
 ----  ------  ------------  ------------------------------  ---
 3173  House   Jan 09, 1991  Introduced and read first       30
                             time, referred to Committee

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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND SECTION 38-7-30, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO A ONE PERCENT TAX ON FIRE INSURANCE PREMIUMS TO COVER THE EXPENSES OF CERTAIN FIRE INSPECTIONS AND INVESTIGATIONS, SO AS TO PROVIDE THAT THE MONIES COLLECTED PURSUANT TO THIS SECTION MUST BE USED TO FUND THE SOUTH CAROLINA FIRE ACADEMY AS THE GENERAL ASSEMBLY PROVIDES.

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

SECTION 1. Section 38-7-30 of the 1976 Code is amended to read:

"Section 38-7-30. Any expenses, including expenses of counsel, detectives, and officers, incurred by the Commissioner or any deputy in the performance of the duties imposed upon him in the inspection of buildings and premises and the investigation of charges of discrimination in rates, must be defrayed by the fire insurance companies doing business in this State, and a A tax of one percent on the gross premium receipts less premiums returned on canceled policy contracts and less dividends and returns of unabsorbed premium deposits of all fire insurance companies is levied for this purpose to fund the South Carolina Fire Academy as the General Assembly provides. These taxes must be, to be collected by the commissioner as other taxes on fire insurance companies are collected. The commissioner shall keep a separate account of all monies received and disbursed under the provisions of this section, shall transit the monies received pursuant to this section to the State Treasurer, and shall include the account this information in his annual report."

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

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