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H 3651 - Prohibits the Municipal Association of S.C. from collecting certain business license and insurance taxes

Tracking Level: Priority
Sponsor: William Sandifer (R)
Last Action: 3/1/2017 - House - Recommitted to Committee on Labor, Commerce and Industry
House Committee: LCI
Assigned To:
General GovernanceNext Bill
Week of 01.30.2017Next Bill
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Staff Analysis of the Legislation

02.09.2017 The House Labor, Commerce and Industry Committee gave this bill a favorable report as amended by the subcommittee.
02.08.2017 The House Labor, Commerce and Industry Executive subcommittee gave this bill a favorable report as amended. The amendment exempts premiums collected on life, accident and health insurance policies from insurance companies’ gross income.
Summary of the bill as introduced: Prohibits the Municipal Association of S.C. from collecting certain business license and insurance taxes.

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Session 122 - (2017-2018)Printer Friendly
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H 3651 General Bill, By Sandifer and Finlay
Summary: Business license and insurance taxes
    A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 6-1-180 SO AS TO PROHIBIT THE MUNICIPAL ASSOCIATION OF SOUTH CAROLINA OR ANY OTHER POLITICAL SUBDIVISION FROM COLLECTING CERTAIN BUSINESS LICENSE TAXES AND INSURANCE TAXES; TO AMEND SECTION 38-45-10, AS AMENDED, RELATING TO DEFINITIONS OF THE INSURANCE BROKERS AND SURPLUS LINES INSURANCE, SO AS TO DELETE THE DEFINITION OF "MUNICIPAL AGENT"; AND TO AMEND SECTION 38-45-60, AS AMENDED, RELATING TO THE ACCOUNTING OF THE STATE PORTION OF BROKER'S PREMIUM TAX RATE PAYMENT COLLECTED AND THE DISTRIBUTION FROM EARMARKED FUNDS, SO AS TO PROVIDE THAT THE AMOUNT MUST BE PAID TO THE MUNICIPALITY INSTEAD OF THE MUNICIPAL AGENT.
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02/02/17House Introduced and read first time (House Journal-page 18)
02/02/17House Referred to Committee on Labor, Commerce and Industry (House Journal-page 18)
02/09/17House Member(s) request name added as sponsor: Finlay
02/15/17House Committee report: Favorable with amendment Labor, Commerce and Industry (House Journal-page 4)
02/16/17 Scrivener's error corrected
02/21/17House Debate adjourned until Wed,. 3-1-17 (House Journal-page 33)
03/01/17House Recommitted to Committee on Labor, Commerce and Industry (House Journal-page 10)



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Municipal Association of South Carolina
1411 Gervais St., PO Box 12109, Columbia, SC 29211
Phone: 803.799.9574, Fax: 803.933.1299, mail@masc.sc