Current Status Introducing Body:Senate Bill Number:907 Ratification Number:464 Act Number:405 Primary Sponsor:Passailaigue Type of Legislation:GB Subject:Insurance companies, leving business license taxes Date Bill Passed both Bodies:19940510 Computer Document Number:907 Governor's Action:S Date of Governor's Action:19940524 Introduced Date:19940111 Last History Body:------ Last History Date:19940524 Last History Type:Act No. 405 Scope of Legislation:Statewide All Sponsors:Passailaigue McConnell Giese Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved
---- ------ ------------ ------------------------------ --- ------------
907 ------ 19940524 Act No. 405
907 ------ 19940524 Signed by Governor
907 ------ 19940519 Ratified R 464
907 House 19940510 Read third time, enrolled for
ratification
907 House 19940505 Read second time
907 House 19940420 Committee Report: Favorable 25
907 House 19940209 Introduced, read first time, 25
referred to Committee
907 Senate 19940208 Read third time, sent to House
907 Senate 19940203 Read second time, notice of
general amendments
907 Senate 19940202 Committee Report: Favorable 06
907 Senate 19940111 Introduced, read first time, 06
referred to Committee
907 Senate 19931206 Prefiled, referred to 06
Committee
View additional legislative information at the LPITS web site.
(A405, R464, S907)
AN ACT TO AMEND SECTION 4-9-30, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DESIGNATION OF POWERS UNDER THE ALTERNATE FORMS OF GOVERNMENT, SO AS TO PROHIBIT THE LEVY OF COUNTY LICENSE FEES AND TAXES ON INSURANCE COMPANIES.
Be it enacted by the General Assembly of the State of South Carolina:
Prohibition on the levy of county license fees and taxes on insurance companies
SECTION 1. Section 4-9-30(12) of the 1976 Code, as last amended by Act 114 of 1991, 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 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."
Time effective
SECTION 2. This act takes effect upon approval by the Governor.
Approved the 24th day of May, 1994.