Staff Analysis of the Legislation
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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. |